1/12/12

Splunk, a provider of software that enables large scale data collection and analysis, registered with the SEC for a $125 million initial public offering on Thursday. The San Francisco, CA based company, which was founded in 2003, booked $101 million in sales for the twelve months ended October 31, 2011. Among its 3,300 customers are Bank of America, Comcast, salesforce.com, Zynga and a majority of the Fortune 100. Although it remains unprofitable, revenues grew by 72% for the most recent nine month period. Backers include top venture capital firms August Capital, Sevin Rosen, JK&B Capital and Ignition Partners. Morgan Stanley, Credit Suisse, J.P. Morgan and BofA Merrill Lynch have been chosen as lead underwriters. Splunk plans to list under the symbol SPLK on an exchange to be determined.