Fenwick & West represented SignalFx, a SaaS leader in real-time monitoring and metrics for cloud infrastructure, microservices and applications, in its pending acquisition by Splunk Inc.
The combination of Splunk and SignalFx will give IT and developers a data platform that allows them to monitor and observe data in real time, no matter the infrastructure or data volume, helping them cut costs, boost revenue and improve customer experience.
Under the terms of the agreement, Splunk will acquire SignalFx for a total purchase price of approximately $1.05 billion, subject to adjustment, to be paid approximately 60% in cash and 40% in Splunk common stock. The acquisition is expected to close in the second half of fiscal 2020, subject to customary closing conditions. More information about SignalFx’s pending acquisition by Splunk can be obtained from the press release.
The Fenwick transaction team included corporate partners Richard Dickson and Ethan Skerry and associates Morgan Sawchuk, Stephen Fisher, Zach Portnoy, Michelle Zheng, Josh Fuller and Tina Lee; capital markets counsel Nicolas DuMont; intellectual property partner Stephen Gillespie and associates Joseph Schenck, Shizuka Tiernan and Rajendra Panwar; executive compensation and employee benefits partner Nancy Chen and associate Ariel Gaknoki; tax partner Will Skinner and associates Ora Grinberg and Timmoney Ng; antitrust partner Mark Ostrau and counsel Ashley Walter; and privacy and cybersecurity director Lael Bellamy.