Cisco completes acquisition of Splunk in $28 billion deal to revolutionize AI
Acquiring Company
Cisco Systems
Acquired Company
Splunk
San JoseSan FranciscoManufacturingInformation TechnologyHardwareSoftwareSecurityinformation technology & servicesDescription
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.
Quick answer
Cisco Systems is acquiring Splunk for $28 billion, announced March 18, 2024. Cisco Systems is based in San Jose, California, United States.
- How much did Cisco Systems pay for Splunk?
- The reported deal value is $28 billion.
- What does Cisco Systems do?
- Cisco Systems is an American multinational technology conglomerate headquartered in San Jose, California.
- Where are Cisco Systems and Splunk based?
- Cisco Systems is based in San Jose, California, United States. Splunk is based in San Francisco, California, United States.
- Who are the decision-makers at Cisco Systems?
- Fundz holds 4 contacts at Cisco Systems. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Hardware and Security
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Cisco completes acquisition of Isovalent to define the future of multicloud networking and security (April 12, 2024)
- Cisco launches HyperShield after $28 billion acquisition of Splunk, $28B (April 18, 2024)
- CoStar Group to acquire Matterport for $1.6 billion, $1.6B (April 22, 2024)
- ESO completes acquisition of Logis Solutions, linking data across the healthcare continuum (April 18, 2024)
- Resideo Technologies, Inc. to acquire Snap One Holdings Corp. to enhance smart living product and distribution presence (April 15, 2024)
- YOFC completes acquisition of RFS Germany and RFS Suzhou to expand presence in international cable market (April 11, 2024)
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Frequently asked
Who acquired Splunk?
Splunk was acquired by Cisco Systems, based in San Jose. The deal was reported on March 25, 2024. Cisco Systems is an American multinational technology conglomerate headquartered in San Jose, California. Cisco Systems is publicly traded (CSCO) and operates in Manufacturing.
When did Cisco Systems acquire Splunk?
Cisco Systems's acquisition of Splunk was reported on March 25, 2024. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Splunk do?
Splunk Inc. (NASDAQ: SPLK) turns data into doing with the Data-to-Everything Platform. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale. It is privately held, and is based in San Francisco.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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