TechTaffy

tech:

taffy

Splunk to acquire Phantom for $350 million

By TechTaffy Desk

Operational intelligence and analytics company Splunk has signed a definitive agreement to acquire Palo Alto-based security technology company Phantom for $350 million. Oliver Friedrichs, founder and CEO, Phantom, will report to Haiyan Song, senior vice president and general manager of security markets with Splunk, said the companies in a statement.

Splunk first partnered with Phantom in 2016, demonstrating how their security orchestration and playbook automation complemented Splunk’s adaptive response.

The acquisition is expected to close during the first half of 2018, subject to customary closing conditions.

[Image courtesy: Phantom]

Just in

AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.
Industry

Square expands offline payments globally

Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.
Around the web

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu. 
AI

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities.