Cisco has announced its acquisition of Splunk, a developer of data storage and monitoring platforms for cybersecurity, for $157 per share, totaling a business value of $28,000 million or approximately 1 trillion baht.
Following the completion of the deal, Gary Steele, Splunk’s CEO, will join Cisco’s senior management team, reporting directly to CEO Chuck Robbins.
This is Cisco’s fifth acquisition deal of the year, following previous deals with cybersecurity companies Armorblox, Oort, Valtix, and Lightspin.
Cisco mentioned that in today’s world where data is everywhere and businesses rely on it for important decision-making, coupled with the increased cyber risks and the complexity of managing multi-cloud systems, organizations need better ways to protect and harness data. The collaboration between Cisco and Splunk aims to address these challenges and provide assistance to organizations.
TLDR: Cisco acquires Splunk to enhance cybersecurity capabilities and data management, adding to its portfolio of strategic acquisitions. The collaboration aims to help organizations navigate the complexity of data-driven decision-making and counter increasing cyber risks.