Cisco snaps up Splunk in $28bn application observability deal
The acquisition builds out Cisco’s observability portfolio, with AI-based full-stack observability for hybrid cloud environments.
Source: computerweekly.com
Stay updated with breaking news from Gary Steele. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The acquisition builds out Cisco’s observability portfolio, with AI-based full-stack observability for hybrid cloud environments.
After going through a roller-coaster two years in which it hit an all-time and then lost 40% of its share value, Splunk is being acquired by Cisco.
Estimated to be worth $28 billion, Cisco's planned acquisition of Splunk will form one of the world's largest software vendors that will look to help enterprises better safeguard themselves as AI becomes pervasive.