Cisco Acquires Splunk – Powering the future of security and observability with AI

Cisco Acquires Splunk

Highlights

On September 21, 2023, Cisco bought Splunk for $28 billion in cash, making it their largest acquisition ever. Splunk is a software company that helps businesses of all sizes improve security, efficiency, and customer experience by providing a platform for searching, monitoring, and analyzing machine-generated data.

As a leading provider of networking equipment and software, Cisco’s acquisition of Splunk will allow them to expand their security portfolio and offer their customers a more complete solution for protecting their networks and data. Both Cisco and Splunk’s boards of directors unanimously approved the acquisition, which is expected to close by the end of the third quarter of 2024, pending regulatory and shareholder approval.

Introduction

Cisco Systems, Inc. designs, manufactures and sells Internet Protocol-based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China.

The company also offers a switching portfolio that encompasses campus switching as well as data center switching; enterprise routing portfolio interconnects public and private wireline and mobile networks, delivering highly secure, and reliable connectivity to campus, data center and branch networks; wireless products include wireless access points and controllers; and compute portfolio including the cisco unified computing system, hyperflex, and software management capabilities, which combine computing, networking, and storage infrastructure management and virtualization.

In addition, it provides Internet for the future product consists of routed optical networking, 5G, silicon, and optics solutions; collaboration products, such as meetings, collaboration devices, calling, contact center, and communication platform as a service; end-to-end security product consists of network security, cloud security, security endpoints, unified threat management, and zero trust; and optimized application experiences products including full stack observability and network assurance.

The company offers a range of service and support options for its customers, including technical support and advanced services and advisory services. It serves businesses of various sizes, public institutions, governments, and service providers.

The company sells its products and services directly, as well as through systems integrators, service providers, other resellers, and distributors. Cisco Systems, Inc. has strategic alliances with other companies

Splunk Inc., together with its subsidiaries, develops and markets cloud services and licensed software solutions in the United States and internationally. The company offers unified security and observability platform, including Splunk Security that helps security leaders fortify their organization’s digital resilience by mitigating cyber risk and meeting compliance requirements; and Splunk Observability, which provides visibility across the full stack of infrastructure, applications, and the digital customer experience.

It also provides application programming interfaces, software development kits, and other interfaces that enables its network of third-party developers, partners, and customers to build content, including pre-built data inputs, workflows, searches, reports, alerts, custom dashboards, flexible user interface components, custom data visualizations, and integration actions and methods that configures and extends its solutions to accommodate specific use cases.

In addition, the company offers adoption and implementation, education, and customer support services. It sells its offerings directly through field and inside sales, and indirectly through various routes to market with various partners.

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Executive Summary

Deal Overview

Business Rationale

Company Overview – Cisco

Company Overview – Splunk

No of Pages: 88

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