Cisco acquires Splunk in $28 billion cybersecurity deal

networking giant Cisco Acquires digital infrastructure company splunk He said the merger could “supercharge” and revolutionize the way artificial intelligence is used for customers..

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Cisco acquires Splunk: Transaction details Cisco aims to revolutionize AI with Splunk What is Cisco? What does the company do?What is Splunk? Why would Cisco want it?

Cisco announced plans to acquire software company Splunk in September 2023 and announced the closing of the deal on Monday. press release

The acquisition of Splunk makes Cisco one of the world’s largest software companies, Cisco said in a release.

“We are revolutionizing the way our customers leverage data to connect and secure all aspects of their organizations while helping power and secure the AI revolution,” Cisco CEO Chuck Robbins said in a statement. ” he said.

The company also post X, formerly known as Twitter.

“Cisco, now supercharged @splunkis revolutionizing the way our customers use data to power and protect the AI revolution,” the post states.

Splunk executive vice president and general manager Gary Steele said in a statement that the combined companies will “provide truly comprehensive visibility and insight across an organization’s digital footprint.”

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Cisco acquires Splunk: Transaction details

Cisco acquired Splunk for about $28 billion, or about $157 per share in cash, the companies said. Combining Cisco and Splunk “will create new and profitable revenue streams,” the companies said.

Cisco aims to revolutionize AI with Splunk

Cisco CEO Chuck Robbins said the merger will help improve cybersecurity by delivering “a secure customer and employee experience across the physical, digital, and AI-powered world.” threats and limit downtime for customers. in a blog post.

Robbins said that by working together, the two companies can revolutionize the delivery of AI and cybersecurity for customers.

“To truly reap the benefits of AI, organizations need the infrastructure to power it, the data to develop it, the security platform to protect it, and the observability to monitor and manage it in real time.” We need a sex platform,” he wrote in the post. . “They also need a trusted strategic partner who will be by their side every step of the way. By combining our solutions and services, we ensure our customers are well-positioned in his AI era. I can guarantee it.”

What is Cisco? What does the company do?

According to , San Jose-based Cisco, which sells hardware and communications equipment, is best known for its networking products and IT services. News site Tech Monitor.

“Our purpose is to help our customers reimagine their applications, power hybrid work, protect their enterprises, transform their infrastructure, and achieve their sustainability goals by making inclusiveness accessible to everyone. ,” Cisco said in a press release.

What is Splunk? Why would Cisco want it?

Splunk is a San Francisco-based software company that creates AI programs that search, monitor, and analyze data created by machines to help identify threats on networks faster.

The cybersecurity company says its software simplifies how companies collect and manage vast amounts of machine-generated data and how to search for information within that data. fortinet.

Cisco acquires Splunk in $28 billion cybersecurity deal

Byautomateinsider

By automateinsider

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