Cisco has officially announced the successful completion of its acquisition of Splunk, marking a pivotal moment in the realm of digital connectivity and security. This strategic move sets the stage for a new era in which organizations can harness unparalleled visibility and insights across their entire digital footprint.
In today’s rapidly evolving digital landscape, the ability to connect and protect all aspects of business operations is paramount. Cisco recognises this imperative and is set to bring the full power of its network, coupled with market-leading security and observability solutions, to deliver a real-time unified view of the digital landscape. This unified approach will enable teams to proactively defend critical infrastructure, prevent outages, and refine the network experience.
Cisco Chair and CEO, Chuck Robbins, expressed excitement about welcoming Splunk into the Cisco family, highlighting the potential to revolutionize how customers leverage data to connect and protect every aspect of their organizations.
By combining forces, Cisco and Splunk aim to provide truly comprehensive visibility and insights across an organisation’s entire digital footprint, delivering an unprecedented level of resilience through a powerful security and observability product portfolio.
The acquisition of Splunk also positions Cisco to power and protect the AI revolution. As the adoption and impact of AI continue to accelerate, effective utilisation of data at massive scale becomes imperative.
Cisco’s infrastructure, data, security, and observability platforms, when combined with Splunk’s capabilities, will empower organisations to securely harness the power of AI throughout their operations and applications.
Industry experts, including Stephen Elliot from IDC, recognise the transformative potential of the Cisco-Splunk combination. With this close, Cisco has created a unique set of solutions for networking, security, and operations executives in the market, unlocking higher levels of business value for customers.
Accenture Chair and CEO, Julie Sweet, congratulated Cisco on the acquisition of Splunk, underscoring the opportunities this collaboration presents to clients in the future.
The integration of Cisco and Splunk promises a host of benefits for customers, partners, and developers alike. From enhanced security and observability to leading-edge networking solutions and AI empowerment, organisations can expect a comprehensive suite of offerings designed to drive better business outcomes while reducing costs.
Over the coming months, customers can anticipate a wave of new product innovations across the portfolio with the integration of Splunk. These innovations will be showcased at prestigious events such as Cisco Live and .conf24, offering stakeholders a firsthand look at the transformative capabilities of the combined Cisco-Splunk portfolio.
Under the terms of the agreement, Cisco acquired Splunk for $157 per share in cash, representing approximately $28 billion in equity value. The transaction is expected to accelerate Cisco’s revenue growth and non-GAAP gross margin expansion, further solidifying its position as a leader in the digital connectivity and security space.
