Cisco has completed its $28 billion acquisition of Splunk

Cisco (NASDAQ: CSCO ) on Monday formally closed on a $28 billion deal to acquire Splunk, a leader in data analytics, security tools and surveillance, that was first announced in September 2023. Cisco plans to integrate Splunk’s AI, security and surveillance capabilities to complement its own solutions portfolio.

The acquisition of Sprunk is an important step for Cisco as it seeks to revolutionize the use of data in cybersecurity and surveillance. A statement from Cisco Chairman and CEO Chuck Robbins (Chuck Robbins) emphasizes the importance of integrating Splunk into the development of innovative solutions for customers seeking to protect and optimize their organizations in the age of artificial intelligence. Gary Steele, president and CEO of Splunk, has joined Cisco’s executive team as executive vice president and CEO of Splunk, underscoring the importance of this integration.

Conclusion

The completion of the agreement between Cisco and Splunk marks a new era in cybersecurity and data analytics and highlights the importance of integrating advanced technologies to create a secure and efficient cyberspace. This integration not only expands Cisco’s capabilities, but also increases corporate value. It not only expands Cisco’s ability to provide innovative solutions to its customers, but is also an important step forward in the development of the cybersecurity and data analytics industry, which will benefit organizations around the world.