“From threat detection and response to threat prediction and prevention, we will help make organizations of all sizes more secure and resilient.” Our combined capabilities will drive the next generation of AI-enabled security and observability,” said Chuck Robbins, chair and CEO of Cisco. “We’re excited to bring Cisco and Splunk together. The combination of these two established leaders in AI, security and observability will help make organizations more secure and resilient. The acquisition builds on Splunk’s heritage of helping organizations enhance their digital resilience and will accelerate Cisco’s strategy to securely connect everything to make anything possible. 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. ![]() San Jose and San Francisco, Calif., SeptemCisco (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. The combination of these two innovative leaders makes them well positioned to lead in security and observability in the age of AI.Unites two “Great Places to Work” with similar values, strong cultures, and talented teams.Will accelerate revenue growth and gross margin expansion Expected to be cash flow positive and gross margin accretive in first fiscal year post close, and non-GAAP EPS accretive in year 2.Combined, Cisco and Splunk will become one of the world’s largest software companies and will accelerate Cisco’s business transformation to more recurring revenue.Together, Cisco and Splunk will help move organizations from threat detection and response to threat prediction and prevention.
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