Cisco Systems completed the acquisition of Splunk. This transaction is expected to help it to set the foundation for delivering improved visibility and insight across an entire digital footprint.
Cisco plans to bring the full power of the network, together with security and observability solutions, to deliver a real-time, unified view of the digital landscape that helps proactively defend critical infrastructure, prevent outages and refine network experiences.
“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, EVP and GM, 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 combination is expected to provide access to improved security, observability, networking, AI and economics.
Cisco and Splunk also bring together global developer and partner communities with extensive experience extending security, observability, and data platform capabilities with pre-packaged applications and solutions for customers. In particular, Cisco’s collective partner ecosystem can create new profitable revenue streams through high-value services, applications and AI-powered solutions.
Over the next several months, customers can expect a number of new product innovations across the portfolio with the integration of Splunk. For additional details, click here.
The transaction is valued at $157 per share in cash, representing approximately $28 billion in equity value.
Click the following for information on Cisco’s and Splunk’s respective partner programs.
