Cisco completes acquisition of Splunk in $28 billion deal to revolutionize AI

Mar 25, 2024•over 1 year ago

Acquiring Company

Cisco

Acquired Company

Splunk

Munich

San Francisco

Description

Cisco has successfully acquired digital infrastructure company Splunk in a $28 billion deal, marking a significant move to revolutionize the way it leverages artificial intelligence. The acquisition aligns with Cisco's vision to enhance cybersecurity, empower customers with real-time insights, and drive profitable revenue streams.

Company Information

Company

Cisco

Location

Munich, Bavaria, Germany

About

Cisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals. Discover more on The Newsroom and follow us on Twitter at @Cisco. SOURCE Cisco

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed