Cisco and Splunk, renowned for its capabilities in security and data analytics, have entered a significant acquisition agreement.
Cisco intends to acquire Splunk for $157 per share in cash, representing a colossal deal of approximately $28bn in equity value.
The acquisition aims to fortify organisations’ digital resilience and expedite Cisco’s strategy to securely connect and innovate. The amalgamation of Cisco and Splunk, both pioneers in AI, security, and observability, is poised to augment security and resilience across various organisations.
Cisco stands as a pivotal force in the realm of networking technology, offering a plethora of products and services to connect and secure the digital world. Splunk, on the other hand, specialises in security and data analytics, aiding organisations in harnessing the power of data for enhanced digital resilience. The synergy between the two companies will undeniably unlock new potentials in AI-enabled security and observability.
Splunk’s integration with Cisco is envisioned as a pivotal phase in its growth journey, aiming to propel its mission to make organisations across the globe more resilient. The union will establish a formidable global security and observability leader, leveraging the capabilities of data and AI to transform the industry and deliver unparalleled customer experiences.
Cisco and Splunk are anticipated to tackle the challenges posed by the complexity of managing and protecting data in a hyperconnected world, head-on. The complementary capabilities of both entities will provide comprehensive observability across hybrid and multi-cloud environments, thus ensuring seamless application experiences essential for digital businesses. The acquisition will also enable greater investments in innovative solutions, fostering accelerated innovation and expanding global reach to cater to diverse customer needs.
Cisco chair and CEO Chuck Robbins said, “We’re excited to bring Cisco and Splunk together. Our combined capabilities will drive the next generation of AI-enabled security and observability. From threat detection and response to threat prediction and prevention, we will help make organisations of all sizes more secure and resilient.”
Splunk president and CEO Gary Steele added, “Uniting with Cisco represents the next phase of Splunk’s growth journey, accelerating our mission to help organisations worldwide become more resilient, while delivering immediate and compelling value to our shareholders. Together, we will form a global security and observability leader that harnesses the power of data and AI.”
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