Cisco Acquires Splunk for $28 Billion
September 21, 2023
Cisco has acquired Splunk in an all-cash transaction valued at approximately $28 billion (at $157 per share). The deal brings Splunk's security, observability, and data-platform capabilities into Cisco's portfolio to accelerate Cisco's transition to recurring revenue, expand its AI-enabled security and observability offerings, and drive greater scale and customer value.
- Buyers
- Cisco
- Targets
- Splunk
- Sellers
- Splunk shareholders
- Industry
- Software
- Location
- California, United States
- Transaction Type
- Buyout
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