Cisco Completes $28B Acquisition of Splunk

Cisco completes its $28B acquisition of Splunk

The combination of Cisco and Splunk will provide truly comprehensive visibility and insights across an organisation’s entire digital footprint. 

Cisco announced that it has completed the acquisition of Splunk. Under the terms of the agreement, Cisco acquired Splunk for $157 per share in cash, representing approximately $28 billion in equity value.

Gary Steele, Executive Vice President, and General Manager, Splunk, said, “Uniting Splunk and Cisco will bring tremendous value to our joint customers worldwide. The combination of Cisco and Splunk will provide truly comprehensive visibility and insights across an organisation’s entire digital footprint, delivering an unprecedented level of resilience through the most extensive and powerful security and observability product portfolio on the market.”

The combination of Cisco and Splunk will provide customers with a highly comprehensive security solution for threat prevention, detection, investigation, and response for organisations of any size, utilising cloud, network, and endpoint traffic for unparalleled visibility.