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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