However, its status as a public company was a hinderance. Sumo Logic sees an opportunity to position itself as a simpler, better performing and more cost-effective alternative to Splunk, Parizo said. In addition, its transition to a fully cloud-native platform is ongoing. However, users often see Splunk as a complex solution to deploy and use, he said. “This security/observability combination has long been the hallmark of data analytics titan Splunk.” “What sets Sumo Logic apart from most other NG-SIEM competitors is its strong focus on not only security, but also observability, tracking and measuring systems status based on key indicators, Parizo said. It includes features like dynamic auto-scaling to efficiently use processing power as data ingestion increases or decreases, as well as its data storage architecture that emphasizes a large amount of ‘hot’ or readily available data. That’s because of its architectural simplicity. In addition to its cloud-native platform, Sumo Logic is particularly well-positioned in NG-SIEM, he said. They’re doing so to take advantage of the performance and economies of scale the cloud provides. In general, SIEM vendors have been working diligently over the last 18 months to transition their traditionally on-premises SIEM solutions into cloud-based SaaS-style offerings, Parizo said. “The company has been one of the fastest-growing vendors in the could-native next-generation security information and event management ( SIEM) market, with well over 2,000 customers.” “The acquisition should result in a positive outcome for Sumo Logic,” he said. He’s not surprised by the acquisition as Sumo Logic was rumored to be up for sale for some time. We look forward to partnering with Sumo Logic to drive accelerated growth and continue its long heritage of product innovation.” Likely Positive Outcome for Sumo LogicĮric Parizo is managing principal analyst at Omdia, which shares a parent company with Channel Futures (Informa). “Its leading, cloud-native analytics platform provides the scalability and insights required as applications and data proliferate in today’s digital world. “ Sumo Logic is ideally positioned to capitalize on the large and growing demand from enterprises for observability and security solutions,” he said. “We are delighted at the prospect of partnering with Francisco Partners in the next phase of Sumo Logic’s journey.”īrian Decker is a partner at Francisco Partners. “Today’s announcement represents a compelling outcome for our stockholders,” he said. It enables customers to transform complexity into insights and accelerate their cloud transformation adoption. He said Sumo Logic has created a trusted, cloud-native, SaaS analytics platform for observability and security. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.įusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.Ramin Sayar is Sumo Logic‘s CEO. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Trading on margin increases the financial risks.īefore deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.įusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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