December 7, 2018

California software company under review for possible sanctions violations

Splunk Inc., a California-based software company whose products help clients analyze big data, announced that it had discovered potential sanctions violations by an acquisition target, VictorOps.  In June 2018, during the acquisition process, VictorOps filed a voluntary disclosure with OFAC.  When the acquisition was finalized, Splunk conducted an internal investigation of the potential violations, and filed a Final Voluntary Disclosure with OFAC in November 2018.  The company noted that the Treasury Department’s review of the disclosure is still underway.

Form 10-Q