Cisco to Acquire Splunk for $28 Billion, Uniting Strengths in AI and Security

Cisco to acquire Splunk for $157 per share in cash, representing $28 billion equity value. Together will help organizations become more secure and resilient.
Combination will create one of world's largest software companies, accelerating Cisco's business transformation. Expected to be cash flow positive and accretive quickly.
Unites strengths in AI, security, and observability. Will lead in security analytics and observability across hybrid/multi-cloud environments.
Leverages scale, data visibility, and trust to help customers harness power of AI responsibly.
Brings together two innovative companies with strong cultures, shared values, and commitment to being great places to work.

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Relevant topic timeline:

9/22/2023

Cisco Bets Big on Data with $28 Billion Acquisition of Splunk to Boost Cloud and AI Services

Cisco Systems' CEO, Chuck Robbins, aims to accelerate the company's growth and attract new customers in the artificial intelligence era through its $28 billion acquisition of Splunk Inc., although additional deals may be necessary for Cisco's revitalization.

9/21/2023

Cisco Hires Boutique M&A Advisor Tidal Partners for $28B Splunk Deal, Beating Out Larger Firms

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10/1/2023

Cisco's Splunk Deal Could Spark More Software M&A, Boosting Elastic

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