Splunk has acquired selected assets of Rocana, a privately held technology company offering analytics solutions for the IT market.

Under the terms of the agreement, Splunk has acquired the technology and intellectual property assets of Rocana for an undisclosed amount.

A number of technical employees from Rocana will also be joining Splunk as part of the transaction, which was funded with cash from Splunk’s balance sheet.

“Insights from machine data are the lifeblood for organizations seeking to better monitor, investigate and understand their IT and security environments at scale,” said Richard Campione, Chief Product Officer, Splunk. “Adding Rocana’s team demonstrates Splunk’s commitment to innovate - through a build, buy, and partner approach - as we better serve our customers and partners around the world. We are always interested in adding great talent to Splunk, particularly a team such as Rocana’s with experience in large scale data systems and open source technologies.”

Splunk will leverage Rocana’s technology and team to advance its market-leading machine data platform and machine learning capabilities across Splunk’s product portfolio.

“Splunk is the most widely adopted machine data and analytics platform in the market today,” said Eric Sammer, CTO, Rocana. “We are thrilled to join the Splunk team and help contribute to its vision of helping customers turn data into answers.”