Karma Ventures makes its second exit with the sale of portfolio company Plumbr to Splunk Inc
Splunk Inc., listed U.S. company that specializes in big data analysis software, announced that it had completed the acquisition of Estonian startup Plumbr, developer of solutions for avoiding software performance errors. With the transaction EstVCA member Karma Ventures makes its second exit.
Plumbr is an application performance monitoring (APM) company offering auto-instrumentation, Real User Monitoring and deep application performance insights for enterprise applications. Plumbr was founded in 2011 by former Nortal and, at the time, Webmedia employees. Splunk Inc. has been listed on the New York stock exchange since 2012.
Together with the acquisition of Plumbr, Splunk also acquired Atlanta-based startup Rigor, which focuses on digital experience monitoring, using synthetic monitoring and optimization tools to help businesses optimize their end-user experiences. Both of these acquisitions complement the technology and expertise Splunk acquired when it bought SignalFx for over $1 billion last year.
Splunk did not disclose the price of these acquisitions, but Plumbr had raised about $1.8 million before the transaction.
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