"Cisco's $28 Billion Acquisition of Splunk Finalized Ahead of Schedule"
Originally Published 1 year ago — by CRN
Cisco has completed its $28 billion acquisition of Splunk, aiming to combine their cybersecurity and observability strengths to create an AI-powered data platform. The all-cash deal represents approximately $28 billion in equity value, with Cisco CEO Chuck Robbins expressing excitement about revolutionizing the way customers leverage data. The joint statement from the companies highlights the potential for new product innovations and revenue streams through their collective partner ecosystem, emphasizing the delivery of unparalleled visibility and insights across organizations' digital footprints.