Splunk is going small to get bigger. The enterprise software company was set Tuesday to launch a new, cheaper version of its analytics software aimed squarely at smaller businesses. Splunk’s (SPLK) new service, dubbed Splunk Light, lets companies download a version of the firm’s machine-to-machine data analytics specifically tailored for small IT operations. With its revenue rising at a 50% pace, Splunk has grown fast by selling mostly to
Technology innovation took center stage at the Mobile World Congress, but phone companies might be better off if revenue-generating innovation had grabbed the spotlight. Wireless firms face stagnant revenue growth and declining profit margins, says research firm Strategy Analytics, despite a giant leap in smartphone and tablet capabilities. Apple’s (AAPL) iPhones have driven wireless subscriber growth. And Internet leaders Google (GOOGL),
Big pharma AbbVie’s $21 billion deal to acquire hot biotech Pharmacyclics was met with widespread skepticism by AbbVie investors Thursday, sending AbbVie’s stock down 4% in afternoon trading. AbbVie (ABBV) announced the cash-and-stock acquisition late Wednesday after rumors had been swirling all afternoon that Novartis (NVS) and Johnson & Johnson (JNJ) were engaged in a bidding war for Pharmacyclics (PCYC). It surprised Wall Street that AbbVie