Splunk, the software maker that provides a service that is able to sift through information from websites to networks through tracking inventory, has been able to double its value since its IPO back in April. The company is now boasting of record enterprise value nearing 94% compared to other similarly sized software manufacturers.

The company is now worth US$3.7 billion and according to data obtained by Bloomberg,, the acquirer would be able to leverage a leading position in the data market. Some experts project that revenues can reach up to US24 billion by 2016 and this has enticed many suitors such as EMC Corp or VMware Inc. Another possible good fit would be IBM.

It is predicted that even without the share price premium, Splunk would be the most expensive software deal since 2008.

The client has 5,000 customers in a variety of industries from telecommunications, military,  finance and even governments. It even has other tech companies in its portfolio, such as Adobe and Google. Because there is a lack of competition in Splunk's market, they are the only company that addresses a problem space in analytics where analytics and business intelligence decisions come about.