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Exam Code: SPLK-3001 Practice exam 2022 by Killexams.com team
SPLK-3001 Splunk Enterprise Security Certified Admin

A Splunk Certified Enterprise Security Admin manages a Splunk Enterprise Security environment, including ES event processing and normalization, deployment requirements, technology add-ons, settings, risk analysis settings, threat intelligence and protocol intelligence configuration, and customizations. This certification demonstrates an individual's ability to install, configure, and manage a Splunk Enterprise Security deployment.

Course Prerequisites
Splunk Fundamentals 1
Splunk Fundamentals 2
Splunk System Administration
Splunk Data Administration
Architecting Splunk Enterprise Deployments (recommended but not required)

Course Topics
Monitoring and Investigation
Security Intelligence
Forensics, Glass Tables and Navigation Control
ES Deployment
Installation and Configuration
Validating ES Data
Custom Add-ons
Tuning Correlation Searches
Creating Correlation Searches
Lookups and Identity Management
Threat Intelligence Framework

Course Objectives

Module 1 – ES Introduction
Overview of ES features and concepts
Module 2 – Monitoring and Investigation
Security Posture
Incident Review
Notable events management
Module 3 – Security Intelligence
Overview of security intel tools
Module 4 – Forensics, Glass Tables and Navigation Control
Explore forensics dashboards
Examine glass tables
Configure navigation and dashboard permissions
Module 5 – ES Deployment
Identify deployment topologies
Examine the deployment checklist
Understand indexing strategy for ES
Understand ES Data Models
Module 6 – Installation and Configuration
Prepare a Splunk environment for installation
Download and install ES on a search head
Test a new install
Understand ES Splunk user accounts and roles
Post-install configuration tasks
Module 7 – Validating ES Data
Plan ES inputs
Configure technology add-ons
Module 8 – Custom Add-ons
Design a new add-on for custom data
Use the Add-on Builder to build a new add-on
Module 9 – Tuning Correlation Searches
Configure correlation search scheduling and sensitivity
Tune ES correlation searches
Module 10 – Creating Correlation Searches
Create a custom correlation search
Configuring adaptive responses
Search export/import
Module 11 – Lookups and Identity Management
Identify ES-specific lookups
Understand and configure lookup lists
Module 12 – Threat Intelligence Framework
Understand and configure threat intelligence
Configure user activity analysis

Splunk Enterprise Security Certified Admin
Splunk Enterprise history
Killexams : Splunk Enterprise history - BingNews https://killexams.com/pass4sure/exam-detail/SPLK-3001 Search results Killexams : Splunk Enterprise history - BingNews https://killexams.com/pass4sure/exam-detail/SPLK-3001 https://killexams.com/exam_list/Splunk Killexams : 3 Reasons Why You Should Consider Buying Splunk Today No result found, try new keyword!Splunk (NASDAQ: SPLK) has dropped like a rock since the end of 2021. Unfortunately for its investors, the stock sold off due to the uncertainty unleashed after former CEO Doug Merritt announced he ... Thu, 13 Oct 2022 01:32:00 -0500 text/html https://www.nasdaq.com/articles/3-reasons-why-you-should-consider-buying-splunk-today Killexams : Splunk Named a Leader for the Ninth Consecutive Time in 2022 Gartner® Magic Quadrant™ for Security Information and Event Management

Splunk recently ranked First in Security Market in Gartner® Market Share: All Software Markets, Worldwide 2021 report

SAN FRANCISCO, October 13, 2022--(BUSINESS WIRE)--Splunk Inc. (NASDAQ: SPLK), the data platform leader for security and observability, today announced it has been named a Leader in 2022 Gartner Magic Quadrant for Security Information and Event Management (SIEM)* for the ninth time in a row. Additionally, in the recently released Gartner Market Share: All Software Markets, Worldwide 2021* report, Splunk ranked No. 1 in SIEM market share. For a complimentary copy of the 2022 Gartner Magic Quadrant for Security Information and Event Management, visit the Splunk website.

"We are honored to be recognized across these reports, and we thank our customers and partners for making this recognition possible," said Patrick Coughlin, Vice President of GTM Strategy and Specialization, Splunk. "We believe our position in the Leaders quadrant for the last nine times is a testament to our commitment to deliver a security analytics solution that accelerates threat detection and investigation, mitigates risk and protects your business."

Splunk has continued to innovate their flagship security solution, Splunk Enterprise Security, as well as the rest of the organization’s integrated security portfolio. Major products and features of the Splunk security portfolio include:

  • Splunk Enterprise Security: Organizations can assess risk-based alerting that transforms large volumes of noisy alerts into fewer high fidelity incidents. By grouping related events into a single incident, organizations can drive faster investigation and resolution, giving security teams time back in their day and more control over security operations.

  • Splunk Intelligence Management (formerly TruSTAR): This integration delivers threat intelligence enrichment to help organizations quickly understand threat context, prioritize triage, and accelerate investigations and response.

  • Splunk SOAR Cloud: This cloud-managed solution delivers orchestration and automation for faster investigations and response. With over 100 out-of-the-box automation playbooks, security teams can automate their most routine tasks.

  • Splunk Enterprise 9.0 and Splunk Cloud Platform: Recently released innovations such as ingest actions, federated search, and data manager are helping to supercharge security use cases such as detecting advanced threats, investigation, threat hunting and more.

  • Splunk Threat Research Team (STRT): Threat research and detections gathered and developed by the STRT fuel Splunk Security products, helping organizations stay one step ahead of emerging threats. With information provided by STRT, organizations can achieve faster time to value, increased threat visibility and quickly remediate threats using pre-packaged detections, machine-learning models and responses.

To learn more about Splunk’s security portfolio, visit the Splunk website.

*Gartner, Inc., 2022 Gartner Magic Quadrant for Security Information and Event Management, Pete Shoard, Andrew Davies, Mitchell Schneider, October 10, 2022.

*Gartner, Inc., Market Share: All Software Markets, Worldwide 2021, Neha Gupta et al, April 12, 2022.

Gartner and Magic Quadrant are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Splunk Inc.

Splunk Inc. (NASDAQ: SPLK) helps organizations around the world turn data into doing. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.

Splunk, Splunk>, Data-to-Everything and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. © 2022 Splunk Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221013005309/en/

Contacts

Media Contact
Emil Hanscom
Splunk Inc.
press@splunk.com

Investor Contact
Ken Tinsley
Splunk Inc.
ir@splunk.com

Fri, 14 Oct 2022 01:13:00 -0500 en-US text/html https://finance.yahoo.com/news/splunk-named-leader-ninth-consecutive-160000086.html
Killexams : Big Data Career Notes: October 2022 Edition

In this monthly feature, we’ll keep you up-to-date on the latest career developments for individuals in the big data community. Whether it’s a promotion, new company hire, or even an accolade, we’ve got the details. Check in each month for an updated list and you may even come across someone you know, or better yet, yourself!


Akos Berzi

Crate.io, the enterprise data management company enabling data insights at scale, appointed Akos Berzi as its chief financial officer. Berzi is an entrepreneurial-minded finance leader with more than 20 years of experience in the field of strategic finance and business development.

“I am incredibly excited to join Crate.io at such an important time for the company,” Berzi said. “With plans to scale further globally, I am looking forward to supporting our ambitious growth plans. Crate.io has a great team in a forward-looking industry that represents the next big thing after my endeavors at Organica Water and Transcend Software in the cleantech space. I believe that Crate.io will play a substantive role in the industry 5.0 ecosystem and beyond, and I feel privileged to be part of the next wave of digitalization.”

Annabelle Bexiga

Quantexa, a data and analytics software company, appointed Annabelle Bexiga to its board of directors. Bexiga currently serves as the non-executive director for DWS Group, Stonex Group, and Triton International. Prior to her current roles, she served as the chief information officer advisor at Zoom.

“This incredible journey of continuous learning from brilliant technologists and courageous leaders continues through my board and advisory work,” said Bexiga. “I am especially excited to join the board of Quantexa because they truly understand that today in the face of rapidly changing conditions, enterprises need to drive greater accuracy in decisions and innovation with data and analytics technology at the core. The Quantexa team are working to help organizations solve today’s major challenges in utilizing data effectively to Excellerate their operations and the services they provide to their customers.”

Samuel Bonamigo

Databricks, the lakehouse company, appointed Samuel Bonamigo as its senior vice president and general manager of the EMEA region. Bonamigo joined Databricks from Google, where he most recently served as EMEA South VP for GCP helping to grow the team, manage large partnerships, and work with the entire ecosystem of partners and GSIs.

“I’m thrilled to join Databricks and I really think we are in the early days of the potential for growth in the EMEA region,” says Bonamigo. “The impact we are going to make over the next year as more customers adopt our Lakehouse architecture will be huge. I can’t wait to see the continued impact that we will have on customers across all industries, as data and AI are increasingly needed to transform businesses and solve some of the world’s toughest problems.”

Sue Bostrom

SingleStore, the cloud-native database built for speed and scale to power data-intensive applications, appointed Sue Bostrom to its board of directors. Bostrom, a former executive vice president and chief marketing officer at Cisco Systems, serves on the board of directors of ServiceNow, GitLab, Samsara, Druva, and Outreach.

“SingleStore has a unique value proposition that meets a very important need in the market,” said Bostrom. “This is reflected in both its high growth rate and customer retention. I look forward to working with Raj Verma and the rest of the board to help SingleStore fulfill the promise of this exciting market.”

Tom Casey

Splunk Inc., the data platform leader for security and observability, appointed Tom Casey as its senior vice president and general manager. Casey will lead the company’s platform strategy, including the development and operations of the Splunk Platform.

“Splunk‘s success and industry leadership are rooted in innovation and customer-focused investment in products, services and technologies that enhance security, Excellerate visibility and drive resilience,” said Casey. “There’s an immense opportunity to unlock new insights and actions that help customers innovate as we grow Splunk’s core Platform offering and strengthen our deep customer and partner relationships.”

Tifenn Dano Kwan

Amplitude, Inc., a digital analytics platform provider, appointed Tifenn Dano Kwan as its chief marketing officer. Dano Kwan will be responsible for leading all aspects of Amplitude’s marketing organization. Dano Kwan most recently served as the chief marketing officer at Collibra.

“People love Amplitude’s product. Not only does it give visibility into the entire customer journey, it helps companies build incredible products that drive growth,” said Dano Kwan. “Amplitude’s product superiority combined with its passionate and humble leadership team is exactly why I couldn’t pass up the opportunity to join. I look forward to working with this growing team and am excited to become an Amplitude power user myself. I believe digital analytics is going to transform the way businesses grow.”

Joe Dillon

Baffle, Inc., a cloud data protection company, appointed Joe Dillon as its executive vice president of sales. Dillon comes to Baffle from Code42, where he served as vice president of security solutions sales. He has also held executive sales positions at several technology companies, including Springpath, Inc., Seagate Technology’s cloud division and Trustwave.

“This is a pivotal time in Baffle’s growth trajectory, with an opportunity to further Baffle’s stellar market reputation,” said Dillon. “In the face of ever-present cybersecurity threats, there is a growing need for data protection that aligns with compliance requirements. And with this demand, Baffle is poised to expand its market share in the data protection space. Surrounded by a talented team, I look forward to helping the company advance our products and platform for customers to boost their competitive differentiation.”

Lisa Krueger

Yellowbrick Data, the multi-cloud data warehouse vendor, appointed Lisa Krueger as its vice president of customer success. Krueger brings over 25 years of experience to Yellowbrick, previously serving in senior customer success roles at companies including Couchbase, DataStax, Talend Corporation, and Oracle.

“Yellowbrick provides a wonderful opportunity for me professionally, and I am drawn to the environment of this young company that is disrupting a legacy market and shaking up the status quo,” said Krueger. “The ability to be nimble and move fast is very attractive. Working with Marc and an executive team that obsesses over the customer experience drew me to this new role.”

Kevin Magee

Zyte, the leader in reliable web data extraction for small businesses and enterprises, appointed Kevin Magee as its chief technology officer. Magee will be responsible for managing Zyte’s research and development, technical operations, data science and artificial intelligence capabilities.

“As analytics and other forms of data consumption continue to evolve, organizations are finding that their data collection and integration operations are evolving in ways that aren’t necessarily efficient,” said Magee. “Trends over the last five years are reflecting that there is a real struggle for organizations to come to grips with the data that they need to innovate and accelerate their businesses. The opportunity that this presents a web extraction market leader like Zyte is tremendous. With a successful history, a large customer base, and a green field of opportunity, I’m looking forward to engaging with the Zyte leadership and culture to create solutions that drive our customers’ initiatives forward.”

Ahsan Malik

SnapLogic appointed Ahsan Malik as its chief financial officer. Malik will be responsible for leading SnapLogic’s global finance and legal organizations as well as financial activities including accounting, reporting, and financial planning and analysis.

“I am excited to join SnapLogic at such a pivotal time and take on this new challenge of helping drive the company’s growth,” said Malik. “My teams will be focused on refining the company’s financial strategy and execution, and delivering insights and action plans to support efficient operations. SnapLogic has a strong balance sheet and a tremendous opportunity for continued growth.”

Kevin Mandia

Cohesity appointed Kevin Mandia to its board of directors. Mandia currently serves as the chief executive officer of Mandiant. Mandia brings more than 25 years of experience in information and cybersecurity to Cohesity’s board.

“We’ve recently witnessed an explosion of vicious ransomware attacks where cybercriminals are getting smarter, often seizing legacy backups in an effort to paralyze companies and force payouts. Data security and data management leaders must work hand-in-hand to keep bad actors in their place,” said Mandia. “I’m excited to join Cohesity’s board as the company plays a critical role in helping enterprises Excellerate their security posture. In my mission to help organizations protect themselves from cyberattacks, Cohesity’s modern data security architecture and focus on defending data and recovering from attacks is a significant asset in the fight against cybercrime.”

Nancy McNeill 

Signal AI, the provider of the Signal AI External Intelligence platform, appointed Nancy McNeill as its global chief revenue officer. McNeill brings over 20 years of experience to the role, including serving as CRO at Dow Jones. She has also held senior executive positions at Thomson Reuters.

“From its technology to its people, Signal AI’s potential is immense – especially in the U.S. It is a privilege to join such an outstanding, innovative team. I know that together we will be able to dramatically expand Signal AI’s footprint in both established and emerging markets,” McNeill said. “I especially look forward to working closely with our customers to provide the tools they need to make informed and confident decisions in a way that’s not been possible before.”

Monica Pool Knox

Domo appointed Monica Pool Knox as its chief people officer. Pool Knox will be responsible for leading the global human resources organization. Prior to Domo, Pool Knox led the global talent management department for Microsoft.

“I was drawn to Domo by the opportunity to work with a global team of incredibly talented professionals who care deeply about winning together and going above and beyond for their customers and each other,” said Monica Pool Knox. “With a belief in the power of data, I’m also excited to leverage Domo’s technology to help optimize business results internally through Domo’s HR team and externally through the HR teams of our customers.”

Ann Schlemmer

Percona, a provider of open source database software, support, and services, appointed Ann Schlemmer as its chief executive officer. Schlemmer has served as president at Percona for the past two years and has served in multiple leadership roles since joining the company in 2013.

“First and foremost, I’d like to thank Peter Zaitsev for the exemplary leadership he’s provided Percona since its inception,” said Schlemmer. “Without his leadership, Percona wouldn’t be in such an advantageous and exciting position as we find ourselves in today. As Percona’s new chief executive, I am committed to continuing Peter’s legacy of open-source excellence, and to building upon that groundwork to take Percona to even greater heights. There has never been a more exciting time to be a part of Percona.”

Thomas Schröder

Teradata appointed Thomas Schröder as its vice president of Central Europe. In this role, Schröder will be responsible for Teradata’s go-to-market strategy in Central Europe, helping to develop a strong pipeline of opportunities in the region and enabling customers in Germany and Switzerland.

“I’m incredibly excited to be joining Teradata to support its global go-to-market strategy and grow sales opportunities within Central Europe,” said Schröder. “I am fully aligned with Teradata’s cloud vision and its commitment to provide customers with the most open, powerful and connected analytics in the market today. I look forward to bringing my 20+ years’ experience in enterprise sales to bear as we strengthen our current customer relationships and build lasting new ones.”

Varun Verma and Jason Selvidge

Striim, Inc., a global leader in unified real-time data integration and streaming, appointed Varun Verma as its vice president of software development and cloud. Verma will be responsible for leading the development of all global cloud services.

In addition, Jason Selvidge has joined Striim as its vice president of software development. Selvidge will be responsible for driving standards-based product development and delivering innovative operational improvements to optimize company revenue and profitability.


To read last month’s edition of Career Notes, click here.

Do you know someone that should be included in next month’s list? If so, send us an email at [email protected]m. We look forward to hearing from you.

Fri, 14 Oct 2022 03:57:00 -0500 text/html https://www.datanami.com/2022/10/14/big-data-career-notes-october-2022-edition/
Killexams : Dynatrace's Disruptive New Product Threatens Splunk No result found, try new keyword!In this instance, it's cloud observation and security. I mentioned Splunk at the outset because it has long been the market leader in analytics, and it has a lot of very large customers. Tue, 11 Oct 2022 01:45:00 -0500 text/html https://www.nasdaq.com/articles/dynatraces-disruptive-new-product-threatens-splunk Killexams : Splunk alleges rival Cribl stole its source code for profit, files lawsuit

Data platform company Splunk has filed a lawsuit against rival Cribl, alleging that its CEO and other employees stole source code and technical secrets for its own advantage.

Splunk alleged that former employee Clint Sharp, who left the company in 2017, took code without permission that he then used when he co-founded Cribl the same year.

Additionally, it claims that since its formation Cribl has illegally sourced technical documents from outgoing Splunk employees in order to undermine the company.

“Mr Sharp founded Cribl using code he intentionally and unlawfully took from Splunk when he was a Splunk employee without a licence or permission to do so,” read the complaint.

“Since that time, Cribl and Mr Sharp have recruited numerous Splunk employees to Cribl, and have systematically encouraged employees to take Splunk’s confidential technical and business documents with them. In turn, Cribl has used the information it misappropriated to compete unfairly against Splunk.”

In a blog post, Splunk alleges that it attempted to settle the matter privately, but that this was unsuccessful. It characterises Cribl’s actions as a “coordinated campaign of misappropriation” and claims that the company used Splunk’s Technology Alliance Partner (TAP) programme to further its theft.

After launching in 2017, Cribl joined the TAP program, an agreement that allows partners to add to Splunk’s Enterprise platform, through the use and limited copying of Splunk software.

However, the TAP program agreement states that partners may only use the software to demonstrate the use of extensions with the software and to develop extensions further. Using copies of the software to determine source code would constitute a violation of the terms of agreement.

"The allegations in Splunk’s lawsuit are false, and we will defend against these baseless claims," Cribl stated in a blog post.

"We have built interoperability using our own hard work and open source implementations, such as Eventgen. While Splunk tries to stifle competition through litigation, we will keep our relentless focus on our customers to give them choice and control over their data."

Splunk has requested an injunction against Cribl, Clint Sharp and all associated Cribl entities, from further infringing Splunk copyrights. It has also requested an accounting of the profits that Cribl has made from the activity and subsequent damages. The company has requested a trial by jury.

"Proving infringement of copyright in source code, as Splunk is alleging here, tends to be difficult," said Michael Buckworth, founder at UK law firm Buckworths. "A former employee would be incredibly foolish to use a carbon copy of code he has misappropriated; rather he would likely recode the software to deliver substantially similar functionality.

"New code achieving the same outcome as existing code is unlikely to infringe copyright in existing code leaving the damaged party to look at patent infringement or breach of contractual obligations," he added.

"Splunk may believe that they can prove each allegation that they have made with the result that they could secure significant damages from Cribl, or even have it shut down.

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"Alternatively, this may be a strategic move to dry up investment and other financial support in Cribl. There is nothing that will turn off investors more than a high-profile IP dispute! Either way both parties will now need to prove their position and live with significant costs if they fail.”

Splunk operates in more than 21 regions internationally, providing customers with a suite that provides oversight over their data and allows them to conduct big data analytics. It also aims to Excellerate observability across multi-cloud environments. Last year it announced a new cloud security suite in addition to its other offerings.

Cribl supplies data management solutions to its customers, aiming to provide data flexibility and stack observability. Its service Cribl Stream is used by DevOps engineers and other industry professionals in order to process data in real time, supply context to data, and encrypt sensitive fields. 

IT Pro has approached Splunk for comment.

This article has been updated to include a statement from Cribl.

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Wed, 05 Oct 2022 23:01:00 -0500 en text/html https://www.itpro.co.uk/data-insights/data-management/369256/splunk-files-lawsuit-against-cribl-alleging-stolen-code
Killexams : Splunk Patent Case Vs An Ex-Employee's Growing Firm Has Merit, Analyst Says
  • Raymond James analyst Adam Tindle assigned Splunk Inc (NASDAQ: SPLK) a Moderately Aggressive Risk/Wealth Accumulation (MA/ACC) rating given its fast-growing market.

  • Splunk filed a lawsuit against Cribl, alleging infringement of numerous Splunk patents and unlawfully misappropriating Splunk's source code and other confidential materials.

  • Cribl founder and CEO was previously a Splunk employee. Splunk states he founded Cribl on code stolen from Splunk.

  • The analyst sees the nature of events as favorable to Splunk.

  • Considering Splunk does not have a track record of taking legal action and has previously attempted to resolve allegations privately, he thinks the company must feel confident in its chances.

  • Cribl's momentum may be a catalyst for the timing of this lawsuit, given ARR growth at 300% Y/Y in February and tripling its customer base, including 10 of the Fortune 50 (Splunk's core market).

  • Splunk urged Cribl to stop using Splunk's IP and for fair compensation.

  • The timing of a decision is unknown, with filing being the first step. With the size difference between the firms and Splunk's case indicating a positive outcome, he also cites an out-of-court settlement.

  • UBS analyst Karl Keirstead downgraded Splunk to Neutral from Buy with a price target of $86, down from $125.

  • The analyst's latest round of industry checks clarified the root cause of the company's recent $250 million annual recurring revenue guidance cut for 2023.

  • Also ReadBritish Chip Designer Arm Ropes In Splunk's Jason Child As Finance Chief

  • Price Action: SPLK shares traded lower by 5.23% at $78.95 on the last check Thursday.

Latest Ratings for SPLK

Date

Firm

Action

From

To

Mar 2022

Citigroup

Maintains

Neutral

Mar 2022

Goldman Sachs

Maintains

Buy

Mar 2022

Needham

Maintains

Buy

View More Analyst Ratings for SPLK

View the Latest Analyst Ratings

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© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Thu, 06 Oct 2022 14:25:00 -0500 en-US text/html https://www.yahoo.com/lifestyle/splunk-patent-case-vs-ex-192541248.html
Killexams : Splunk Hires Microsoft Exec Gretchen O’Hara As Its New Channel Chief

Applications & OS News

Rick Whiting

O’Hara, who starts today after holding multiple channel and marketing posts during an 18-year career at Microsoft, replaces Bill Hustad who left in July for a channel management position at Okta.

 ARTICLE TITLE HERE

Splunk has named Gretchen O’Hara, a long-time Microsoft marketing and channel executive, to be Splunk’s new channel chief, the unified security and observability platform developer will announce later today.

O’Hara starts at Splunk today with the title vice president, worldwide channels and alliances. She will oversee the company’s channel operations and manage the company’s relationships with its more than 2,400 partners around the world.

O’Hara (pictured) replaces Bill Hustad, previously Splunk’s vice president of alliances and channel ecosystems, who left the company in July to become senior vice president of global partners and alliances at Okta, a leading provider of identity and access management technology.

[Related: Splunk CEO Gary Steele On Channel Opportunities, Management Stability And Introducing Himself At .Conf22]

“For a very long time, when I was building ISV and developer channels at Microsoft, I have really seen Splunk as an incredible company,” O’Hara said in an interview with CRN, specifically citing the “fierce loyalty” of Splunk’s customers and the critical role the company’s technology plays in managing data in business transformation initiatives.

“When I look at Splunk I see this really rare, exceptional combination of mission-critical products, the people and the culture, and the market potential,” she continued. “That combination and the opportunity to really be part of that next wave of transformation that’s required for our customers to succeed in this distributed hybrid, multi-cloud world was an opportunity for me that I just couldn’t refuse. So I’m incredibly excited to lead the channel here.”

O’Hara will report to Christian Smith, Splunk senior vice president and chief revenue officer.

“Partners really are critical to our business. So what we really wanted to do was find a leader who was proven and understood the broad ecosystem of partners and alliances that are necessary to successfully bring our solutions to our customers, to bring them to life,” Smith said in an interview with CRN.

“Oftentimes organizations have leaders that learn on the job and grow into roles. But at this size and stage of [Splunk], we really wanted somebody who had been there and done that, someone who was deeply rooted in channels and alliances with a proven track record,” Smith said.

O’Hara joins Splunk after working at software giant Microsoft for more than 18 years, most recently as vice president of U.S. AI & Sustainability Strategy, a post she has held since March 2020, according to her LinkedIn page.

Throughout her lengthy tenure at Microsoft she has held a number of marketing and channel management positions including vice president of go-to-market strategy, One Commercial Partner; general manager of enterprise marketing, U.S. subsidiary; senior director of worldwide cloud partner strategy; director of worldwide emerging channels; and director of worldwide channel competitive strategy, her LinkedIn page says.

O’Hara’s appointment follows a number of changes in Splunk’s executive ranks over the last year or so, including the resignation of president and CEO Doug Merritt in November and the hiring of Proofpoint founder and CEO Gary Steele in March as the company’s new president and CEO. (Just last week Splunk disclosed that Jason Child, the company’s CFO since 2019, will leave the company in November to take a job with “a leading pre-IPO semiconductor company.”)

Splunk has also undergone significant changes to its business. The company has doubled down on marketing its machine data platform for observability and security tasks. And it has been transitioning its product line to cloud-based software and its pricing to a subscription model and annual recurring revenue.

On the financial front Splunk, a publicly traded company, received a $1 billion investment from private equity giant Silver Lake in June 2021 in a move to strengthen its balance sheet after the company experienced slower sales in 2020. And in March of this year private equity firm Hellman & Friedman acquired a 7.5 percent stake in the company.

Splunk, meanwhile, has continued to expand its channel efforts. In June 2021 the company launched a significant revamp of its partner program and rebranded it the “Splunk Partnerverse.”

In June of this year the company added to that with a new funded partner training benefit to help partners build solution competencies and drive enablement, a new online solutions catalog where partners can showcase their expertise and Splunk-based offerings, and partner access to the Splunk Cloud Sandbox for building and testing Splunk-based solutions.

All the changes at Splunk, including how it works with partners, are to be expected for a company that’s on-track to grow to more than $3 billion in its current fiscal year, said Jim Kinney, president and CEO of Kinney Group, a Splunk ISV and services partner based in Indianapolis, in an interview with CRN.

“The tech is still the best of its kind,” Kinney said of Splunk’s product portfolio. As the company matures, it’s helping its partners go beyond reselling to emphasize “really understanding the technology and knowing how to deliver business outcomes using the technology,” he said. “They are really addressing that.”

Kinney also said the moves taken by president and CEO Steele, including balancing profitability with growth, “are the rights ones for the times” given Splunk’s growth stage and the current uncertain economy.

“Splunk is genuinely leaning into their Partnerverse partner program transformation to more effectively capture and measure partner value,” said Drew Gibson, senior director of the Global Splunk Alliance at cybersecurity provider BlueVoyant, a premier MSP Splunk partner that integrates the Splunk Cloud Platform with its managed detection and response offering.

Gibson, in an email response to CRN, said BlueVoyant is a launch partner around a number of Splunk initiatives such as the monthly Tech Talk series that provide technical deep dives for Splunk practitioners. “Splunk‘s willingness to include and promote thought leadership from outcome-based partners like BlueVoyant demonstrates their commitment to enriching partner experiences,” Gibson said.

“Splunk is proactively soliciting feedback from partners like BlueVoyant to aid in their program development, which is what a real partnership looks and feels like,” Gibson added. “We are keen to continue to collaborate on transformational initiatives with Splunk’s partner leadership under Gretchen O’Hara.”

O’Hara acknowledges that leaving Microsoft after so many years is a big move.

“I really wanted to be able to go and lead a company through next level of transformation and next level of growth,” she said. A particular attraction was how Splunk partners “are mission critical to the business outcomes of our customers,” and “the diversity and scale of the Splunk ecosystem.”

“I think that I‘m coming home to what I love most, which is leading and driving challenging ecosystems. I’m definitely a deep seasoned channel leader, leading and developing one of the largest channel ecosystems in the technology industry today,” she said. “So I certainly bring that expertise. But I am also a business builder. I think about how and what is required for the future. And what‘s next. And really having that entrepreneurial spirit. Making the right moves at the right time to help our partners and the ecosystem continue to thrive and grow.”

Both O’Hara and Smith noted that Splunk works with a broad range of partner types including global and regional systems integrators, solution providers and resellers, managed service providers and managed security service providers, cloud hyperscalers and technology partners.

“What I did at Microsoft was manage all partner types across all segments, large and small. So I have an extensive background in building out and driving transition to both cloud industry and solution capability,” O’Hara said of her experience.

“Gretchen has worked with all those different partner types and understands that you have to have different programs, different engagement, different enablement and different education,” Smith said. O’Hara, he said, understands the need for “alignment with the rest of the Splunk organization, not just the field organization, but the technical organization and our customer success organization in order to bring all that value to the customer.”

O’Hara said her initial focus as she starts in the channel chief job is to be “an active listener.”

“I want to meet as many partners as I can to understand the partner voice and, quite frankly, as many customers to connect the opportunity for our partners and our customers. And be a learner, really trying to understand what is working, how do we build on that success and how do we continue to accelerate that growth, if you will, at scale,” she said. “Continuing to build a culture of talent and a partner organization that becomes a growth lever for the company.”

O’Hara also said she wants to help Splunk partners better tap into the company’s direct sales organization and its expertise and to make it easier for partners to engage with the company.

“End of the day, it’s really about building more profitable businesses together,” she said. “And when our channel is successful, we‘re successful and that is the flywheel that I want to build up at Splunk.”

Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.

Mon, 03 Oct 2022 08:03:00 -0500 en text/html https://www.crn.com/news/applications-os/splunk-hires-microsoft-exec-gretchen-o-hara-as-its-new-channel-chief
Killexams : Splunk Stock Gets a Downgrade. Analyst Sees Challenges Beyond the Economy.

Splunk shares were trading lower after an analyst from UBS said a variety of factors, not just economic challenges, appear to be behind a recent cut to one of the company’s financial forecasts for the year.

Splunk (ticker: SPLNK) reported fiscal second-quarter earnings at the end of August. During that time, the company beat financial estimates for the second quarter and boosted its revenue outlook for fiscal 2023. However, Splunk also trimmed its forecast for full-year annual recurring revenue.

Thu, 06 Oct 2022 04:48:00 -0500 en-US text/html https://www.barrons.com/articles/splunk-stock-downgrade-economy-51665074189
Killexams : Wells Fargo starts coverage on Splunk, sees 30% upside from current levels
Splunk headquarters in San Francisco

Sundry Photography

Investment firm Wells Fargo started coverage on Splunk (NASDAQ:SPLK) on Tuesday, stating that the data software company has "the best observability platform in the market."

Analyst Andrew Nowinski started coverage on Splunk (SPLK) with an overweight rating and a $95 price target, noting that the company's products are "deeply entrenched" inside many large customers, which should help "long-term durable growth and profitability."

Nowinski also noted that Splunk's (SPLK) revenue growth has started to "normalize," which he believes will "have a positive impact on the valuation."

"Splunk has persevered through five major transitions over the last 3 years, starting in May 2019, including a shift from perpetual to cloud [software-as-a-service], a pricing model change, an invoicing change, an expansion of the platform into the Observability market, and management changes," Nowinski wrote in a note to clients.

"While these changes all had a negative impact initially, they are now starting to have a positive impact as revenue growth (32% [year-over-year] in second-quarter) is starting to normalize," Nowinski added.

The analyst also noted that Splunk (SPLK) should start to see increasing operating margin and free cash flow even as revenue growth normalizes. There have been concerns from customers that Splunk's (SPLK) pricing model has been a "lingering pain point," there are encouraging signs, especially since Chief Executive Gary Steele, who took over in April, has started to make changes that should reduce the issues from customers and still have a positive impact on revenue growth.

Nowinski's revenue estimates for Splunk for 2022, 2023 and 2024 are $3.375B, $4.023B and $4.913B, with 2023 and 2024 above consensus estimates due to "the strong feedback we received from resellers on Splunk."

Last week, UBS downgraded Splunk (SPLK), noting concerns over increased competition and the pricing of its products.

Mon, 10 Oct 2022 20:23:00 -0500 en text/html https://seekingalpha.com/news/3890283-wells-fargo-starts-coverage-on-splunk-sees-30-upside-from-current-levels
Killexams : Splunk Appoints Richard P. Wallace and David Tunnell to Its Board of Directors

SAN FRANCISCO, October 11, 2022--(BUSINESS WIRE)--Splunk Inc. (NASDAQ: SPLK), the data platform leader for security and observability, today announced that Richard P. Wallace and David Tunnell have been appointed to the Splunk Board of Directors, effective immediately.

"I’m pleased to welcome Rick and David as our newest additions to the Splunk Board," said Graham Smith, Chair of the Splunk Board of Directors. "Rick is a well-regarded technology executive with over 30 years of experience scaling enterprises for long-term durable growth, and David brings an important shareholder perspective, over 25 years of financial expertise as well as a deep understanding of Splunk’s business model. The Board looks forward to working closely with Rick and David as we continue to scale Splunk for the future and drive value for shareholders."

"Rick and David are highly respected, successful leaders, and each brings valuable skills and perspectives to the Company at this pivotal moment," said Gary Steele, President and Chief Executive Officer of Splunk. "Our leadership team is focused on executing our growth strategy and we are excited to benefit from the guidance and support of a strong, experienced and engaged Board of Directors."

"I’ve dedicated my career to building enduring companies that invent cutting-edge technologies to enable innovation, and I believe Splunk is well-positioned to capture its very large and growing addressable market," said Wallace. "I look forward to working with Graham, Gary and the rest of the Board to oversee the Company’s strategy and deliver strong returns."

"Splunk is one of the foremost industry innovators, and I’m excited to join the Board at this key juncture," said Tunnell. "Hellman & Friedman has had a collaborative relationship with Splunk, and we’re strongly supportive of the Board and management team and the work underway to transform the business through balanced growth and profitability. I’m committed to helping advance the Company’s strategic priorities to support sustainable value creation."

The Company also announced that Stephen G. Newberry, a director since 2013, will step down from the Board; the Company previously announced that Sara Baack will also step down.

Smith continued, "We thank Steve and Sara for their dedicated years of service. They have provided valuable counsel throughout their tenure to support Splunk's growth and ambitious business transformation. We wish them the very best."

Splunk’s Board has undergone significant change to reflect the dynamic nature of its business and the technology industry. With the appointments of Messrs. Wallace and Tunnell, and following the departures of Ms. Baack and Mr. Newberry, the Board will comprise 11 directors, 10 of whom are independent and five of whom have been appointed within the past 18 months.

The Board of Directors also announced that it has reorganized the Board’s Talent & Compensation Committee. The Committee now comprises Graham Smith, who recently joined the Committee in April 2022, Kenneth Hao and Rick Wallace.

About Richard P. Wallace

Wallace serves as President, CEO and Director of KLA Corporation, a developer of industry-leading equipment and services that enable innovation throughout the electronics industry. Prior to being appointed CEO in 2006, he served in various leadership roles across KLA, including as Chief Operations Officer from July 2005 to December 2005, Executive Vice President of the Customer Group from May 2004 to July 2005, and Executive Vice President of the Wafer Inspection Group from July 2000 to May 2004. His tenure with KLA spans over 30 years, having started as an applications engineer at KLA Instruments in 1988. Prior to joining KLA, Wallace held positions at Ultratech Stepper and Cypress Semiconductor. He previously served on the board of directors of Proofpoint, a cybersecurity and compliance company, and SEMI (Semiconductor Equipment and Materials International), a prominent global industry association. Wallace holds a B.S. from the University of Michigan and an M.S. from Santa Clara University.

About David Tunnell

Tunnell is a Partner at Hellman & Friedman (H&F) and a member of the H&F Investment Committee. He leads the Firm’s San Francisco office and oversees its investing activities in the Software & Tech and Insurance & Insurance Services sectors. David joined H&F originally in 1994 and has been involved with numerous portfolio companies over 25 years of H&F’s investing history. He is currently serving as a director of the operating committee at Genesys Telecommunications Laboratories, Inc., a global customer-experience software platform provider, and as a director of the board at UKG (Ultimate Kronos Group), a global provider of human capital management, payroll and workforce management solutions. Prior to H&F, David was employed by Lazard Frères & Co. in New York. He holds an A.B. from Harvard University and an M.B.A from Harvard Business School.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding Splunk’s growth and transformation strategies and its goals and long-term prospects, including growth and profitability. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including those described in the company’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2022, which is on file with the U.S. Securities and Exchange Commission ("SEC") and Splunk’s other filings with the SEC. Splunk does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

About Splunk

Splunk Inc. (NASDAQ: SPLK) helps organizations around the world turn data into doing. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.

Splunk, Splunk>, Data-to-Everything and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. © 2022 Splunk Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221011006219/en/

Contacts

Media Contact
Mara Mort
Splunk Inc.
press@splunk.com

Investor Contact
Ken Tinsley
Splunk Inc.
ir@splunk.com

Tue, 11 Oct 2022 20:23:00 -0500 en-US text/html https://finance.yahoo.com/news/splunk-appoints-richard-p-wallace-214200245.html
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