Title
Approving a three-year DIR coop agreement not to exceed $148,000 with GTS to renew the City’s Security Information and Event Management (SIEM) system, and authorizing the City Manager to execute the same.
Summary
The City’s subscription to Splunk Security Information and Event Management (SIEM) solution is due for renewal. Our SIEM is used to assist our IT team in protecting a computer network by watching for suspicious activity. It gathers information from different sources-like computers and servers-then analyzes it for signs of hacking or unusual behavior in a central location.
The city proposes renewing our Splunk contract for three years instead of one for additional discounts and to lock in pricing.
The annual cost is presented below:
$47,426.63 due upon start date of 10/20/2024
$47,426.63 due before start date of 10/20/2025
$51,406.79 due before start date of 10/20/2026
Prior City Council Action
Approved $60,000 in FY25 for Security Information and Event Management on the Authorized Purchasing List.
Deadline for City Council Action
Approval is requested on October 8th, 2024.
Funding Expected: Revenue __ Expenditure _X_ N/A __
Budgeted Item: Yes X__ No __ N/A __
Amount: $147,600.18
1295 Form Required? Yes _X_ No __
Legal Review Required: N/A _X_ Required __ Date Completed: ___________
Supporting documents attached:
Splunk Renewal
Recommended Action
Approve the City Manager to approve a three-year DIR coop agreement not to exceed $148,000 with GTS to renew the City’s Security Information and Event Management (SIEM) system.