Ann: Acquires security advisory and Splunk consultancy business, page-39

The issue with becoming a 100 Million cap company is that your stake will be worth 5 - 10% of what it is now if it's all (or 50/50) scrip...

I'll reserve judgement on this acquisition for the time being. Although it's in the Cyber Security industry, the vendor spread continues. At the moment they have both AlienVault and Darktrace in a similar space to SPLUNK. So do they consolidate the portfolio? IMO they won't, given the different markets these operate in, but if they don't consolidate how are they going to reduce costs? They will need more resources to adequately service all product sets. Further, there was no mention of cost savings within the announcements so these are clearly not material. The releases were all about cross-sell opportunities...

At least their spacious offices will be a little bit fuller now, assuming this deal gets up.