Cisco Completes ‘USD 28 Billion’ Acquisition of Cybersecurity Leader Splunk
The acquisition sets the foundation for delivering unparalleled visibility and insights across an organisation's entire digital footprint, the company said in a statement. "We are thrilled to officially welcome Splunk to Cisco," said Chuck Robbins, Chair and CEO of Cisco
San Francisco, March 18: Networking major Cisco on Monday announced it has completed the acquisition of Splunk, the leader in cybersecurity and observability, for about $28 billion in the generative AI era.
The acquisition sets the foundation for delivering unparalleled visibility and insights across an organisation's entire digital footprint, the company said in a statement. "We are thrilled to officially welcome Splunk to Cisco," said Chuck Robbins, Chair and CEO of Cisco. Ekagrah Rohan Murthy Becomes India’s ‘Youngest Millionaire’ As Grandfather Narayana Murthy Gifts Him 15 Lakh Infosys Shares Worth Rs 240 Crore.
"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,” he added.
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.
"Uniting Splunk and Cisco will bring tremendous value to our joint customers worldwide," said Gary Steele, Executive Vice President, General Manager, Splunk. Cisco and Splunk are two leaders with complementary capabilities across AI, security, and observability. Indian IT Sector To See 3–5% Growth in FY25, Hiring To Be Muted, Says ICRA.
"Accenture congratulates Cisco on the acquisition of Splunk," said Julie Sweet, Chair and CEO, Accenture. "We have enjoyed long-term partnerships with both companies and look forward to the opportunities this collaboration presents to our clients in the future."
(The above story first appeared on LatestLY on Mar 18, 2024 08:19 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).