Cisco Completes Acquisition of Splunk for $28 Billion

Cisco has officially completed its acquisition of Splunk for a staggering $28 billion.

This strategic acquisition marks a milestone in Cisco’s journey. It promises to revolutionize how organizations leverage data to connect and protect every aspect of their operations.

The merger is poised to empower businesses to navigate the complexities of the digital era with enhanced security, observability, and networking capabilities.

A Unified Vision for a Digital Future

This integrated approach is designed to help teams proactively defend critical infrastructure, prevent outages, and refine the network experience.

As one of the world’s largest software companies, we will revolutionize how our customers leverage data to connect and protect every aspect of their organization as we help power and protect the AI revolution.

“Gary Steele, Executive Vice President, and General Manager, of Splunk, echoed Robbins’ sentiments, highlighting the immense value this union will bring to customers globally. “

The combination of Cisco and Splunk will provide comprehensive visibility and insights across an organization’s digital footprint, delivering unprecedented resilience through the most extensive and robust security and observability product portfolio on the market.”

Cisco has recently acquired Splunk, as confirmed by their official report.

This acquisition marks a significant step towards providing comprehensive visibility and insights into an organization’s digital footprint.

Empowering the AI Revolution

The Cisco-Splunk merger is uniquely positioned to meet these needs, offering a transformative combination that unlocks new possibilities for customers.

Stephen Elliot, Group Vice President, I&O, Cloud Operations, and DevOps at IDC, remarked, “Cisco and Splunk is a transformative combination that will allow customers to do things that weren’t possible before.

According to the latest tweet on Bloomberg TV, Cisco has completed its acquisition of Splunk for $28 billion.

With the close, Cisco has created a unique set of solutions for networking, security, and operations executives in the market.”

Transaction Details

The acquisition was finalized at $157 per share in cash, totaling approximately $28 billion in equity value. This strategic move is expected to be cash flow positive and accretive to Cisco’s non-GAAP gross margin and EPS in the fiscal years 2025 and 2026, respectively.

It also aims to accelerate Cisco’s revenue growth and non-GAAP gross margin expansion.

Stay updated on Cybersecurity news, Whitepapers, and Infographics. Follow us on LinkedIn & Twitter.