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Alithya's Partnership with Splunk delivers C$7 million in signed contracts

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Alithya Group inc. (TSX: ALYA) has secured three contracts totaling approximately C$7 million to provide implementation services and access to Splunk's SIEM platform for financial services and public sector clients. This partnership enhances Alithya’s capability to support clients in breaking down data silos, improving decision-making and operational efficiencies. Splunk, recognized as a leader in the SIEM market with a 29% market share, offers tools for improved data visibility and security, enabling rapid threat detection and comprehensive reporting.

Positive
  • Contracts signed worth approximately C$7 million enhance revenue potential.
  • Partnership with Splunk strengthens Alithya's service offerings in data security and analysis.
  • Splunk's market leadership and technology provide a competitive edge to Alithya.
Negative
  • None.

Service agreements will provide Alithya customers with access to Splunk's SIEM platform, and much more

MONTREAL, May 18, 2022 /PRNewswire/ - Alithya Group inc. (TSX: ALYA) (NASDAQ: ALYA) ("Alithya") is pleased to announce the signing of three contracts with financial services and public sector customers to provide Splunk platform access and implementation services. The contracts, worth approximately C$7 million in the aggregate, will provide Alithya customers with access to Splunk's scalable data collection platform, delivering unified security, full-stack observability, and limitless custom applications.

Leveraging partnerships

As a Splunk preferred partner and authorized reseller, Alithya professionals are able to assist customers in sensitive sectors to break down their data silos. The Splunk platform provides organizations with greater visibility of their extensive data ecosystems, thus ensuring more efficient comparisons and analysis across multiple systems. Splunk technology enables data to be imported and extracted automatically in order to easily generate comprehensive reports via the platform's user-friendly dashboard.

Furthermore, Splunk's robust enterprise security functions provide data-driven insights for full visibility and rapid detection, ensuring speed and accuracy in monitoring, detecting, and investigating emerging threats.

Quote by Michel Lacasse, Senior Vice President, Sales, at Alithya:

"As a trusted partner to our customers in all industries, we believe that breaking down their data silos helps support them in better decision-making and efficiencies to ensure that they stay ahead of the curve. Therefore, our strategic alignment with Splunk allows Alithya to provide world-class solutions and services to our customers with respect to the security of their assets, operational intelligence, and their needs in systems integration and monitoring."

In 2021, Gartner tapped Splunk as No. 1 in the Security Information and Event Management (SIEM) market with a 29% market share.

About Alithya

Alithya is a North American leader in strategy and digital transformation, employing a dedicated and highly skilled workforce of 3,600 professionals in Canada, the United States and internationally. Alithya's strategy is based on a plan of accelerated organic growth and complementary acquisitions to create a global leader. The company's integrated offer is based on four pillars of expertise: business strategies, enterprise cloud solutions, application services, and data and analytics. To learn more about Alithya, visit www.alithya.com.

Cision View original content:https://www.prnewswire.com/news-releases/alithyas-partnership-with-splunk-delivers-c7-million-in-signed-contracts-301549920.html

SOURCE Alithya

FAQ

What is the value of the contracts Alithya signed with Splunk?

Alithya signed contracts worth approximately C$7 million.

What services will Alithya provide under the new contracts?

Alithya will provide access to Splunk's SIEM platform and implementation services.

When was the announcement of Alithya's contracts made?

The announcement was made on May 18, 2022.

What market share does Splunk hold in the SIEM market?

Splunk holds a 29% market share in the SIEM market.

What sectors are the new Alithya contracts targeting?

The contracts target financial services and the public sector.

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