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Cisco To Acquire Splunk, To Help Make Organizations More Secure And Resilient In An Ai-Powered World

Sep 21, 2023•almost 2 years ago

Acquiring Company

Cisco

Acquired Company

Splunk

MunichSan Francisco

Description

Cisco (NASDAQ: CSCO) and Splunk (NASDAQ: SPLK), the cybersecurity and observability leader, today announced a definitive agreement under which Cisco intends to acquire Splunk for $157 per share in cash, representing approximately $28 billion in equity value. Upon close of the acquisition, Splunk President and CEO Gary Steele will join Cisco's Executive Leadership Team reporting to Chair and CEO Chuck Robbins.

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

Company News

(10 articles)
Mon, 12 May 2025 07:00:00 GMT

Cisco Schedules Conference Call for 3Q2025 Financial Results - Cisco Newsroom

Thu, 22 May 2025 07:00:00 GMT

Cisco Joins Stargate UAE Initiative - Cisco Systems

Tue, 12 Nov 2024 08:00:00 GMT

Cisco Introduces Intelligent, Secure and Assured Wi-Fi 7 to Transform Employee and Customer Experiences - Cisco Systems

Fri, 15 Nov 2024 08:00:00 GMT

Cisco to Participate in RBC Conference - Cisco Newsroom

Mon, 11 Nov 2024 08:00:00 GMT

Cisco Schedules Conference Call for Q1FY25 Financial Results - Cisco Newsroom

Tue, 29 Oct 2024 07:00:00 GMT

Cisco Schedules Conference Call for Q1 and Fiscal Year 2025 Financial Results - Stock Titan

Wed, 14 Aug 2024 07:00:00 GMT

Cisco Reports Fourth Quarter And Fiscal Year 2024 Earnings - Cisco Newsroom

Mon, 18 Mar 2019 20:32:40 GMT

Financial Information - Financial Results - Cisco - Cisco Systems

Mon, 18 Mar 2024 07:00:00 GMT

Cisco Completes Acquisition of Splunk - Cisco Systems

Fri, 14 Jun 2024 07:00:00 GMT

Cisco Appoints Ekta Singh-Bushell to Board of Directors - Cisco Systems

FundzWatch™ Score

80
High M&A Activity

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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