Cisco To Acquire Splunk, To Help Make Organizations More Secure And Resilient In An Ai-Powered World
Acquiring Company
Cisco Systems
Acquired Company
Splunk
San JoseSan FranciscoManufacturingInformation TechnologyHardwareSoftwareSecurityinformation technology & servicesDescription
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.
Quick answer
Cisco Systems is acquiring Splunk, announced September 21, 2023. Cisco Systems is based in San Jose, California, United States.
- How much did Cisco Systems pay for Splunk?
- The deal value was not disclosed.
- 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.
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Frequently asked
Who acquired Splunk?
Splunk was acquired by Cisco Systems, based in San Jose. The deal was reported on September 21, 2023. 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 September 21, 2023. 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. 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.
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