A Cisco announces plans to acquire Splunk. To this end, Splunk will be delisted, offering Cisco $157 per share. Consequently, the total acquisition will cost Cisco around $28 billion.
The acquisition has already received unanimous support from the boards of directors of both parties, Cisco indicates in the announcement. However, the acquisition is not yet final; Cisco must first buy Splunk shares. This will be done at a price of $157 per share. The parties expect to complete the acquisition in the third quarter of 2024.
Cisco is thus adding solutions from one of the main players in cybersecurity and observability. Although the technology company is no stranger to acquisitions, acquisitions of this size are an exception for this company.
Increase the digital resilience of companies
Together, the parties hope to increase the digital resilience of companies. Threat detection and response must be complemented by anticipating future threats and protecting against them.
“Together, we will form a global security and observability leader that harnesses the power of data and AI to deliver great customer outcomes and transform the industry,” said Gary Steele, CEO of Splunk.
Full stack observability
Splunk turns data collection into a means to weaponize your company against cybercriminals. Cybersecurity and observability are not separate components for the enterprise, but form a whole.
Cisco can leverage this experience to advance its idea of full-stack observability. This term encompasses the idea that all logs, metrics, and traces come together in a single place to maintain an overview of the state of an IT environment. The companies themselves say the acquisition will enable observation across hybrid and multi-cloud environments, enabling users to deliver smoother application experiences that support their digital operations.
