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

Cisco acquires data analytics company Splunk for $28 billion, its biggest acquisition ever, to accelerate growth.
Splunk expected to provide data services and customer relationships to complement Cisco's networking business.
Cisco trying to pivot to services model under CEO Chuck Robbins after slowing growth in networking hardware.
Acquisition extends Cisco's shift to cloud, AI, security, and recurring revenue streams.
Further acquisitions may be needed for Cisco to complete its business transition.

yahoo.com

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9/21/2023

Cisco to Acquire Splunk for $28 Billion to Strengthen Security and Analytics

Cisco has announced plans to acquire Splunk for approximately $28 billion in cash, forming a global security and observability leader that will help organizations become more secure and resilient.

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.