Steele may take an aggressive top-down approach to enterprise sales, leaving its DevOps observability tools susceptible to competing technologies like Datadog and 2022 IA40 winner Panther Labs. Although he has experience scaling software as a service models, he also worked at Hewlett-Packard and Sun Microsystems, two companies known for making low-cost PCs and servers Splunk targets large enterprises who can pay top dollar for its products. Steele is an experienced tech executive having overseen SaaS operations at global firms such as Sun and HP however, he never managed a public company of such scale as Splunk that boasts over 3,000 customers and generated revenue of $2.23 billion last fiscal year.įurthermore, some observers believe Steele may not be suitable to lead Splunk's business model. Gary Steele was selected as Splunk's new CEO with mixed reactions some people were optimistic while others had reservations about his abilities to lead it through its period of transition. Splunk recently had to undergo this process when they lost their CEO Doug Merritt to Aviatrix - a cloud networking startup focused on secure cloud networks - earlier this month. Silicon Valley companies have tried to combat this problem by offering more flexible working arrangements and benefits like free lunches but an increase in workers preferring smaller companies is making it increasingly challenging for venture-backed startups to build scale and recruit talented staff. This trend has been further compounded by tech giants such as Amazon, Apple and Google swooping in with offers of lucrative salaries and benefits that take engineers away from startups that cannot compete on this front. What Will This Mean for the Industry?Īs the technology industry becomes more mature, companies are finding it increasingly challenging to recruit and retain talent. Additionally, he held leadership roles at Sun and HP. He is an experienced tech leader who helped establish security-as-a-service startup Proofpoint, later acquired by Thoma Bravo and Silver Lake for $510M last year. He will serve as both CEO and chairman of its board. Doug Merritt will leave Splunk and assume leadership of Aviatrix, an enterprise cloud networking provider valued by investors at $2 billion last year.
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