Enters into partnership agreement with Splunk, part of Cisco Systems, Inc
Praruh Technologies Ltd has entered into a partnership with Splunk, part of Cisco Systems, Inc.
By ScoutQuest · · 2 min read
- Partner
- Splunk, part of Cisco Systems, Inc.
- Basis of arrangement
- ordinary course of business and on an arm's length basis
- Promoter interest
- no promoter/promoter group interest in Splunk in relation to this arrangement
What the company informed the exchange
Praruh Technologies Ltd has entered into a partnership with Splunk, part of Cisco Systems, Inc. The intimation was made to BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Who the partner is
- Splunk is an American company, founded in 2003 in San Francisco, California, USA, and is now part of Cisco Systems, Inc.
- It specialises in cybersecurity, data analytics and observability, helping organisations understand and monitor what is happening across their IT environments.
- Its AI-powered platform analyses data from applications, networks, endpoints and cloud systems to provide real-time insights into security and performance.
- Security teams use it to detect and investigate threats, while IT operations and engineering teams use its solutions to troubleshoot issues, improve service reliability and reduce downtime.
Terms stated in the update
- The arrangement is entered into in the ordinary course of business.
- It is on an arm's length basis.
- There is no promoter/promoter group interest in Splunk in relation to this arrangement.
How a retail investor can read this
A partnership with a globally recognised technology name is generally viewed as a positive business development, since it can widen the reach of the company's offerings and add credibility with enterprise customers. The tone of the disclosure is factual: it explains who the partner is and on what basis the arrangement has been entered into, rather than setting out commercial targets.
What to keep an eye on
- The commercial scale and duration of the partnership, which investors can track through the company's subsequent disclosures and periodic results.
- Any further announcements on joint offerings, certifications or customer wins that come out of this arrangement.
This is an announcement of a business arrangement; it is not a financial result and does not by itself change the company's reported numbers.
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