How Splunk Is Using Acquisitions to Improve Its Cloud Computing Offerings

Digital data and analytics firm Splunk (NASDAQ: SPLK) recently announced a number of innovations and updates to its platform, including the launch of a new set of tools called the Observability Suite. In tandem with the new product offerings, the data monitoring leader announced two new acquisitions to add to its capabilities.

After taking a closer look at these announcements, this long-term shareholder is pleased with the company's progress as a new digital era dawns.

Booming data analytics demand, driven by the adoption of cloud computing over the last few years, has created a new dynamic in the industry. The field is awash with new firms like Datadog (NASDAQ: DDOG), Elastic (NYSE: ESTC), and others trying to capitalize on the opportunity. Even Splunk has had to make some adjustments. As it got its start in an era that predates modern computing technology, it too has been undergoing its own cloud-first evolution.

Source Fool.com