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Cisco Buys AI Firm Splunk In $28 Billion Cash Deal

The acquisition positions Cisco to build the “next generation of AI-enabled security and observability,” according to its CEO. ....

Chuck Robbins ,

Cisco beefs up cybersecurity play with $28 bn Splunk deal

Cisco’s offer price of $157 per share in cash, represents a premium of about 31% to Splunk’s closing price on Wednesday. ....

Swaine Moore , Meagher Flom , Simpson Thacher Bartlett , Morgan Stanley Co , Cisco Systems , Simpson Thacher , Qatalyst Partners , Morgan Stanley , Isco Deal ,

Cisco to buy Splunk in $28 billion deal, boosting defenses as use of AI widens

Cisco Systems Inc. plans to acquire cybersecurity firm Splunk in a $28 billion deal, marking Cisco s largest acquisition. The move will enhance Cisco s efforts in software and AI-powered data analysis and strengthen its defenses against potential security threats. ....

Chuck Robbins , Cisco Systems Inc , Silicon Valley , Cisco Systems , Artifical Intellegenc , Splunk Cybersecurity , Cybersecurity Engagement Centre ,

Cisco to acquire Splunk in $28B mega deal

Cisco has a reputation of building the company through acquisitions, but it has tended to stay away from the really huge ones. With Splunk, it gets an observability platform that could fit nicely into its security business to help customers better understand security threats, while also helping parse oodles of log data to resolve other problems like helping understand system failures or troubleshoot myriad issues across a broad array of enterprise systems. Under the terms of the deal, Cisco is paying a hefty premium of $157 per share. ....

Chuck Robbins , Ray Wang , Gary Steele , Constellation Research , Splunk Observability , Silver Lake Partners , Threat Detection , Chuck Robbins , Plunk President And Ceo Gary Steele ,

Cisco to acquire Splunk for $28bn to drive 'AI-enabled security and observability'

Networking giant Cisco said it has reached an agreement to acquire unified security and observability platform developer Splunk for roughly $28bn to "drive the next. ....

Gary Steele , Chuck Robbins , San Jose , California Based Cisco , San Francisco Based ,