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Consumer Discretionary : Automobiles |
Based in China
Company profile

Nio, Inc. designs, manufactures and sells smart and connected electric vehicles. It manufactures autonomous driving electric vehicles integrated with next generation technologies and artificial intelligence. It manufactures ES8, which is a seven-seated all aluminum alloy body electric sports utility vehicle (SUV). It is equipped with e-propulsion system which is capable of accelerating from zero to 100 km per hour in 4.4 seconds and delivering a New European Driving Cycle driving range of up to 355 Kilometers (km) and a maximum range of up to 500 km in a single charge. It is also focused on providing vehicle charging solutions, which include Power Home, Power Swap, Power Mobile and Power Express service. It also offers various value-added services to its users, such as statutory and third-party liability insurance and car damage insurance through third-party insurers, repair and routine maintenance services, courtesy car during lengthy repairs and maintenance and roadside assistance.

This security is an American depositary receipt
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Closing Price
$56.27
Day's Change
-4.60 (-7.56%)
Bid
--
Ask
--
B/A Size
--
Day's High
60.22
Day's Low
55.67
Volume
(Below Average)
Volume:
132,247,850

10-day average volume:
164,950,704
132,247,850

Splunk to Acquire Plumbr and Rigor, Expanding the World's Most Comprehensive Observability Portfolio

8:00 am ET October 20, 2020 (BusinessWire) Print

.conf20 - Splunk Inc. (NASDAQ: SPLK), provider of the Data-to-Everything Platform, today announced that it has completed the acquisition of Plumbr, an application performance monitoring (APM) company offering auto-instrumentation, Real User Monitoring and deep application performance insights for enterprise applications. Splunk also announced that it has signed a definitive agreement to acquire Rigor, a digital experience monitoring (DEM) company offering advanced synthetic monitoring and optimization tools. Rigor's solutions help customers optimize end-user experiences in digital channels.

With both acquisitions and product integrations, Splunk will significantly expand its APM and DEM capabilities. The combined power of Splunk's Observability Suite will ultimately give customers a seamless, end-to-end observability experience to help guide them across both cloud and on-premises environments, as well as the software architecture transformations occurring with applications.

"The global acceleration to multicloud and hybrid cloud architectures has created an observability revolution. Development, operations and IT teams everywhere require real-time, full-fidelity and ML-driven solutions that can help them quickly and confidently modernize and build cloud-native applications," said Tim Tully, chief technology officer, Splunk. "Together, Plumbr and Rigor accelerate Splunk's vision to deliver a comprehensive Observability Suite with best-in-class DEM and APM for all applications. Splunk is the industry's leading enterprise-grade Observability Suite providing customers with a complete, full-fidelity view into their data."

Plumbr offers advanced instrumentation, profiling and Real User Monitoring (RUM) capabilities, which are critical to monitoring Java, PHP, Python and .Net applications. The addition of Plumbr's technology to Splunk's Observability Suite gives customers unprecedented monitoring and troubleshooting of existing applications, as well as RUM, database monitoring and code profiling capabilities.

"I am proud of the work Plumbr has accomplished over the past nine years in building a dynamic APM platform," said Priit Potter, CEO and Co-Founder of Plumbr. "Technical talent is incredibly difficult to find, and Plumbr is beaming with some of the brightest minds in DevOps. We're looking forward to diving in with the Splunk team and helping the company expand its vision to bring data to everything."

Rigor delivers a unique DEM platform that combines the power of synthetic monitoring with an intelligent optimization engine to help customers find, fix and prevent web and API performance issues impacting user experiences. Rigor's solutions can complement Splunk's newly announced RUM offering as part of the company's best-in-class Observability Suite.

"The combination of Splunk's existing observability portfolio with Rigor and Plumbr will help our customers accelerate their digital transformations at the speed demanded by modern business," added Craig Hyde, CEO of Rigor. "I can't think of a better cultural and technological partner to join forces with than Splunk, and am looking forward to helping Splunk's customers leverage Rigor to turn data into doing."

For additional information on Splunk's acquisitions of Plumbr and Rigor, and to learn more about Splunk's industry-leading Observability Suite, visit the Splunk website.

Safe Harbor Statement

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the expected benefits of the acquisitions of Plumbr and Rigor, the impact of the acquisitions on Splunk's existing and future products and services, the capabilities of Plumbr's and Rigor's products and services, and the expected benefits of the combined offerings. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: difficulties encountered in closing the acquisition of Rigor; challenges in integrating the Plumbr's and Rigor's businesses, technologies, personnel and operations; costs related to the acquisitions; market acceptance of the acquisitions and resulting products and services; Splunk's inability to realize value from its significant investments in its business, including product and service innovations; and general market, political, economic and business conditions. Additional information on potential factors that could affect Splunk's financial results is included in the company's Quarterly Report on Form 10-Q for the quarter ended July 31, 2020, which is on file with the U.S. Securities and Exchange Commission and Splunk's other filings with the SEC. Splunk does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

About Splunk Inc.

Splunk Inc. (NASDAQ: SPLK) turns data into doing with the Data-to-Everything Platform. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.

Splunk, Splunk>, Data-to-Everything, D2E and Turn Data Into Doing are trademarks and registered trademarks of Splunk Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. (C) 2020 Splunk Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201020005040/en/

SOURCE: Splunk Inc.

For more information, please contact: 
Media Contact 
Bill Bode
Splunk Inc.
press@splunk.com

Investor Contact 
Ken Tinsley
Splunk Inc.
ir@splunk.com
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