Splunk Inc., a maker of software that collects and indexes data, is considering an initial public offering that may value the company at about $1 billion, said three people familiar with the matter.

Splunk is interviewing bankers to manage the sale, said the people, who declined to be named because the discussions are private. In July, San Francisco-based Splunk named David Conte as chief financial officer, gaining an executive with experience at a public company. The timing of the offering depends on market conditions, one of the people said.

via Splunk Said to Weigh IPO Valuing Software Maker at $1 Billion – Bloomberg.