John Pescatore is DIrector of Emerging Security Trends for SANS Institute. He has 35 years of experience in computer, network and information security. Pescatore began his career at the National Security Agency, where he designed secure voice systems and at the United States Secret Service, where he developed secure communications and surveillance systems.
Deal is the second one topping $1 billion since November and sets the stage for what could be another record-breaking year for investment in the cybersecurity industry.
Splunk has done really well in the SIEM market and is publicly traded, so its finances have been transparent. Gartner has rated Securonix above Splunk in its latest SIEM vendor analysis, and SIEM itself is a mature $4+ billion market with steady growth. Securonix is in a strong position to win on lower price. They may be able to steal market share from Splunk.