{"id":4482,"date":"2023-09-22T13:09:07","date_gmt":"2023-09-22T13:09:07","guid":{"rendered":"https:\/\/www.clouddatainsights.com\/?p=4482"},"modified":"2023-09-22T13:09:12","modified_gmt":"2023-09-22T13:09:12","slug":"cisco-acquires-splunk-for-28-billion","status":"publish","type":"post","link":"https:\/\/www.clouddatainsights.com\/cisco-acquires-splunk-for-28-billion\/","title":{"rendered":"Cisco Acquires Splunk for $28 Billion"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"666\" src=\"https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-Depositphotos_42165729_S.jpg\" alt=\"\" class=\"wp-image-4484\" srcset=\"https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-Depositphotos_42165729_S.jpg 1000w, https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-Depositphotos_42165729_S-300x200.jpg 300w, https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-Depositphotos_42165729_S-768x511.jpg 768w, https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-Depositphotos_42165729_S-930x620.jpg 930w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\"><em>With the acquisition of Splunk, Cisco is adding one of the world\u2019s best data platforms to Cisco\u2019s robust security portfolio.<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Cisco announced on Thursday its intention to acquire cybersecurity and observability software provider Splunk for $28 billion. It is Cisco\u2019s largest acquisition ever and a declaration of intent by the company to push further into <a href=\"https:\/\/www.clouddatainsights.com\/cloud-security-a-primer\/\">cybersecurity<\/a>.\u00a0<\/p>\n\n\n\n<p>In the press release of the acquisition, Cisco CEO Chuck Robbins said the Cisco Security Cloud and Splunk\u2019s data platform are complementary to one another, enabling customers that use both services to move from threat detection to threat prediction and prevention. <\/p>\n\n\n\n<p>\u201cThe Cisco Security Cloud has visibility into vast amounts of security data \u2014 network data, identities, emails, web traffic, endpoints, and processes,\u201d said Robbins. \u201cWith Splunk, Cisco is adding one of the world\u2019s best data platforms to Cisco\u2019s robust security portfolio.\u201d<\/p>\n\n\n\n<p>Robbins also mentioned the growth of <a href=\"https:\/\/www.rtinsights.com\/generative-ai-and-secops-a-perfect-match-or-potential-disaster\/\">generative AI<\/a> as another challenge, which Cisco and Splunk will be able to tackle more effectively with both services combined. <\/p>\n\n\n\n<p>“Uniting with Cisco represents the next phase of Splunk’s growth journey, accelerating our mission to help organizations worldwide become more resilient,” said Gary Steele, president and CEO of Splunk. “Together, we will form a global security and <a href=\"https:\/\/www.clouddatainsights.com\/observability-key-to-managing-complex-infrastructures\/\">observability<\/a> leader that harnesses the power of data and AI to deliver excellent customer outcomes and transform the industry.\u201d<\/p>\n\n\n\n<p>At $157 a share, Cisco\u2019s offer was a 31 percent premium on Splunk\u2019s share price on Wednesday. The company\u2019s stock increased rapidly following the news, and stood at $144 per share at close on Thursday.<\/p>\n\n\n\n<p>It is the second largest technology acquisition of 2023, behind Broadcom’s acquisition of VMWare for $69 billion. <\/p>\n\n\n\n<p>The two companies expect to complete the acquisition by the third quarter of 2024, with Steele joining Cisco\u2019s executive team. It is not clear if all Splunk jobs will be transferred over to Cisco, or if there will be layoffs. Splunk is not a profitable business and reported a net loss of $278 million in 2022. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the acquisition of Splunk, Cisco is adding one of the world\u2019s best data platforms to Cisco\u2019s robust security portfolio.<\/p>\n","protected":false},"author":17,"featured_media":4483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_uag_custom_page_level_css":"","neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_themeisle_gutenberg_block_has_review":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[20],"tags":[26,87],"class_list":["post-4482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-security","tag-cybersecurity","tag-observability"],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-2-Depositphotos_42165729_S-e1695388067229.jpg","uagb_featured_image_src":{"full":["https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-2-Depositphotos_42165729_S-e1695388067229.jpg",300,197,false],"thumbnail":["https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-2-Depositphotos_42165729_S-150x150.jpg",150,150,true],"medium":["https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-2-Depositphotos_42165729_S-300x197.jpg",300,197,true],"medium_large":["https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-2-Depositphotos_42165729_S-768x505.jpg",768,505,true],"large":["https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-2-Depositphotos_42165729_S-e1695388067229.jpg",300,197,false],"1536x1536":["https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-2-Depositphotos_42165729_S-e1695388067229.jpg",300,197,false],"2048x2048":["https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-2-Depositphotos_42165729_S-e1695388067229.jpg",300,197,false],"alm-thumbnail":["https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-2-Depositphotos_42165729_S-150x150.jpg",150,150,true],"neve-blog":["https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-2-Depositphotos_42165729_S-930x620.jpg",930,620,true],"rpwe-thumbnail":["https:\/\/www.clouddatainsights.com\/wp-content\/uploads\/2023\/09\/cisco-2-Depositphotos_42165729_S-45x45.jpg",45,45,true]},"uagb_author_info":{"display_name":"David Curry","author_link":"https:\/\/www.clouddatainsights.com\/author\/david-curry\/"},"uagb_comment_info":0,"uagb_excerpt":"With the acquisition of Splunk, Cisco is adding one of the world\u2019s best data platforms to Cisco\u2019s robust security portfolio.","_links":{"self":[{"href":"https:\/\/www.clouddatainsights.com\/wp-json\/wp\/v2\/posts\/4482"}],"collection":[{"href":"https:\/\/www.clouddatainsights.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.clouddatainsights.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.clouddatainsights.com\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.clouddatainsights.com\/wp-json\/wp\/v2\/comments?post=4482"}],"version-history":[{"count":1,"href":"https:\/\/www.clouddatainsights.com\/wp-json\/wp\/v2\/posts\/4482\/revisions"}],"predecessor-version":[{"id":4485,"href":"https:\/\/www.clouddatainsights.com\/wp-json\/wp\/v2\/posts\/4482\/revisions\/4485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.clouddatainsights.com\/wp-json\/wp\/v2\/media\/4483"}],"wp:attachment":[{"href":"https:\/\/www.clouddatainsights.com\/wp-json\/wp\/v2\/media?parent=4482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.clouddatainsights.com\/wp-json\/wp\/v2\/categories?post=4482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.clouddatainsights.com\/wp-json\/wp\/v2\/tags?post=4482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}