Cisco announced that it completed the acquisition of Splunk, setting the foundation for delivering unparalleled visibility and insights across an organization’s entire digital footprint.
To thrive in the new digital era, organizations must connect and protect all that they do. They need to connect the people, places, applications, data, and devices that power their business while protecting their entire digital footprint from cybersecurity threats, downtime, and other critical business risks.
Cisco will bring the full power of the network, together with market-leading security and observability solutions, to deliver a real-time unified view of the entire digital landscape, helping teams proactively defend critical infrastructure, prevent outages, and refine the network experience.
“We are thrilled to officially welcome Splunk to Cisco,” said Chuck Robbins, chair and CEO of Cisco. “As one of the world’s largest software companies, we will revolutionize the way our customers leverage data to connect and protect every aspect of their organization as we help power and protect the AI revolution.”
“Uniting Splunk and Cisco will bring tremendous value to our joint customers worldwide,” said Gary Steele, executive vice president and general manager, Splunk. “The combination of Cisco and Splunk will provide truly comprehensive visibility and insights across an organization’s entire digital footprint, delivering an unprecedented level of resilience through the most extensive and powerful security and observability product portfolio on the market.”
The adoption and impact of AI are outpacing that of any technology introduction we have ever seen. To truly reap the benefits of AI, organizations need the infrastructure to power it, the data to develop it, a security platform to protect it, and an observability platform to monitor and manage it in real time. Cisco will be able to do all four together.
“Cisco and Splunk is a transformative combination that will allow customers to do things that weren’t possible before,” said Stephen Elliot, group vice president, I&O, cloud operations, and DevOps at IDC. “With the close, Cisco has created a unique set of solutions for networking, security, and operations executives in the market.”
When you add that to their channel and AI investments, customers should be considering the higher levels of business value that can now be unlocked.”
Under the terms of the agreement, Cisco acquired Splunk for $157 per share in cash, representing approximately $28 billion in equity value.
