Cisco's $28B Splunk Deal Signals Wave of Software M&A as Subscriptions Surge

Cisco's $28B acquisition of Splunk signals more big software deals as subscription revenues rise.
Splunk's shift to subscription model made it an attractive target.
Software stocks look cheap compared to historical valuations.
Private software firms may prefer sales over lower-value fundraising.
Analysts predict a "tidal wave" of software mergers and acquisitions ahead.

reuters.com

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

A mergers and acquisitions advisory firm called Tidal Partners, led by former Centerview Partners dealmakers David Handler and David Neequaye, has successfully advised Cisco Systems on its $28 billion acquisition of cybersecurity firm Splunk.

9/23/2023

Musk Considers Twitter Fee, OpenAI Debuts DALL-E 3, Cisco Buys Splunk for $28B, TechCrunch Reviews iPhone 15 After Disney Trip, Microsoft Exposes AI Data

Elon Musk considers introducing a fee for X (formerly known as Twitter) users to address the increasing presence of bots on the platform, OpenAI launches DALL-E 3, Cisco acquires Splunk for $28 billion, and other major tech news happened this week.

10/1/2023

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

The recent acquisition of Splunk by Cisco Systems is expected to trigger a wave of software mergers and acquisitions, potentially benefiting Elastic N.V. as Splunk's slower growth could create a competitive advantage for Elastic once the deal is closed.

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Posted 9/26/2023, 3:36:00 PM