Cisco and Splunk, the cybersecurity and observability provider, announced a definitive agreement under which Cisco intends to acquire Splunk for approximately $28 billion in equity value. The acquisition is designed to accelerate Cisco’s strategy to securely connect everything to make anything possible. The combination of the two companies’ positions in AI, security, and observability is intended to help make organizations more secure and resilient.
In today’s hyperconnected world, data is everywhere, with every organization relying on it to run their business and make mission-critical decisions every day. Factoring in the acceleration and adoption of generative AI, expanding threat surfaces, and multiple cloud environments, it creates a level of complexity that is unlike anything organizations have faced. Organizations need a better way to manage, protect, and unlock data’s true value and stay digitally resilient. The combination of the two companies is intended to create a global security and observability leader that harnesses the power of data and AI to deliver excellent customer outcomes and transform the industry.
Cisco and Splunk’s complementary capabilities will provide observability across hybrid and multi-cloud environments, enabling the company’s customers to deliver smooth application experiences that power their digital businesses. Cisco and Splunk consider themselves to be well positioned to help customers responsibly harness the power of AI given their substantial scale, visibility into data, and foundation of trust. The union of these two organizations is intended to allow for greater investments in new solutions, accelerated innovation, and increased global scale to support the needs of customers of all sizes.