Cisco completes acquisition of Splunk’s operations

Cisco has announced the completion of the acquisition of Splunk, a platform for storing and monitoring system data, for security purposes. This deal was initially announced by Cisco in September last year. Chuck Robbins, the CEO of Cisco, stated that Splunk is one of the world’s largest software companies, and together with Cisco, it will revolutionize how customers utilize data in terms of connectivity and protection within organizations, as well as guarding against potential threats in the era of AI.

This acquisition involved the purchase of all Splunk shares with cash, totaling approximately $28 billion.

Source: Cisco

TLDR: Cisco has successfully acquired Splunk, a leading platform for data storage and monitoring, with the vision of transforming data utilization and security for customers globally.