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Virtualization: Good For 2008?

Search Engine for IT Utility, Splunk, Releases 2008 Forecast

Splunk announced results for the fourth quarter and year ended December 31, 2007, revealing that it exceeded its sales forecast for the quarter by 35 percent and achieved 133 percent of its forecast for the fiscal year. Splunk ended the year with more than 500 enterprise, service provider and government agency customers. During the quarter, Splunk added more than 100 new customers and upgraded 40 customers to higher data indexing levels.

The three most active industries contributing to the quarter were financial services, online services, telecommunications and government agencies. New customers include Bear Stearns and Company Inc., Orbitz, AT and T Wireless and the National Oceanic and Atmospheric Administration (NOAA). Splunk's partner ecosystem continues to account for a growing percentage of the company's business. More than 25 percent of fourth quarter sales were through OEM, system integrator and resale partners. New partners added during the quarter include Radware, Voltage and Penguin Computing. The fourth quarter also saw the introduction of the Splunk Preview release program giving customers early access to product features and functionality. The goal of the program is to provide an early view of new product and encourage user participation in the product development process.

The first two releases included transaction search and change identification, as well as the preview of Splunk for Microsoft Windows. Splunk 3.1 also became available in the fourth quarter. Major product milestones in 2007 included Splunk 3.0 and Splunk for AIX, both made available for general download in the third quarter. Delivered only 15 months after the last major version, Splunk 3.0, takes IT Search beyond the scope of log management and troubleshooting with interactive reporting of search results, dashboards and personalization, as well as an expanded search language with new statistical and arithmetic operators. Splunk for AIX allows customers running mission critical AIX applications to dig into everything happening at every layer of their AIX systems from one place with Splunk.

Michael Baum, CEO and Co-Founder of Splunk remarked, ''Until now, it made sense to manage data centers in silos -- break it down into manageable pieces, get the right point tool for the right job and move through distinct operational areas. But tremendous amounts of data, complex web applications, and virtualization have broken out of the silos, are crashing into compliance and security issues, rendering point tools limited or useless, and merging operational and business considerations that previously stood alone. To solve these problems customers need the ability to integrate any IT data from all their applications, servers and network devices into a broader view -- not just to make sense of the data, but transform it into valuable information assets.''

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