Notably, Splunk is Cisco's largest acquisition as of October 2023. Splunk is essentially a software company that develops tools for monitoring and analyzing machine-generated data.
The acquisition is Cisco's biggest ever and will help the company strengthen its security software bets. This surpasses their previous major acquisitions, such as Cerent Corporation and Scientific Atlanta, which were both valued at $6.9 billion. The Splunk deal marks a significant expansion of Cisco's capabilities in data analysis and monitoring.
The acquisition will also help Cisco create new solutions for customers and partners. Cisco said that the addition of Splunk will help it accelerate its revenue growth and non-GAAP gross margin expansion.
Cisco will bring the full power of the network, together with market-leading security and observability solutions, to deliver a real-time unified view of the entire digital landscape, helping teams proactively defend critical infrastructure, prevent outages, and refine the network experience.
“We are thrilled to officially welcome Splunk to Cisco,” said Chuck Robbins, Chair and CEO of Cisco. “As one of the world’s largest software companies, we will revolutionize the way our customers leverage data to connect and protect every aspect of their organization as we help power and protect the AI revolution.”
“Uniting Splunk and Cisco will bring tremendous value to our joint customers worldwide,” said Gary Steele, Executive Vice President, General Manager, Splunk. “The combination of Cisco and Splunk will provide truly comprehensive visibility and insights across an organization’s entire digital footprint, delivering an unprecedented level of resilience through the most extensive and powerful security and observability product portfolio on the market.”
Splunk is a powerful software platform designed for monitoring, searching, analyzing, and visualizing machine-generated data in real-time.
Splunk's flexibility and scalability make it a valuable tool for gaining operational intelligence and supporting decision-making processes across an organization.
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