Cisco, a global technology leader, has officially announced its intention to acquire Splunk Inc., in a groundbreaking move set to reshape the landscape of cybersecurity and observability.
The merger of these two tech giants promises to usher in a new era of innovation, bolstering Cisco’s mission to securely connect the world, and enabling organizations of all sizes to thrive in an Artificial Intelligence (AI)-driven world.
In a statement released by Cisco’s Chief Executive Officer (CEO) Chuck Robbins, the acquisition of Splunk is hailed as a transformative step that will unite two powerhouses known for their complementary strengths in AI, security and observability.
“This strategic alliance aims to enhance the resilience and security of organizations across the globe, as the IT landscape undergoes rapid evolution driven by digitization and the burgeoning adoption of AI technologies. The proliferation of digital transformation has brought forth unparalleled opportunities but also unprecedented complexity,” noted Mr Robins.
The CEO underscored the significance of data as a vital resource for organizations, emphasizing the critical need for better data management, protection, and utilization in an ever-changing world. With this acquisition, Cisco will gain access to Splunk’s world-class data platform, effectively strengthening Cisco’s security portfolio.
“By combining the capabilities of Splunk with Cisco’s Security Cloud, the partnership aspires to shift the focus from threat detection and response to threat prediction and prevention, making organizations more secure and resilient. In addition to addressing data and security challenges, Cisco and Splunk will harness the power of Generative AI to unlock new opportunities across applications, security, and network domains.”
The collaborative effort between these two industry leaders aims to provide customers with unparalleled visibility into their data and empower them to harness the full potential of AI.
The ultimate goal is to assist organizations in comprehending their infrastructure, making informed decisions, and responding swiftly to insights, all while safeguarding their data and enterprise in one unified platform.
This acquisition is a pivotal milestone in Cisco’s ongoing transformation, as the company increasingly pivots towards software and subscription-based services while maintaining its reputation for high-performance hardware.
“With the integration of Splunk into the Cisco ecosystem, the company expects to expedite this transformation, delivering innovation more rapidly to its customers, enhancing predictability and visibility in its operations, and driving sustainable growth and shareholder value.”
Mr Robbins also emphasized the cultural compatibility between Cisco and Splunk, with both companies sharing similar values and being renowned for their exceptional workplace cultures. Both have consistently been recognized as “Great Places to Work,” with Cisco topping the list in the United States for three consecutive years.
Upon the completion of the acquisition, Gary Steele, Splunk’s CEO, will join Cisco’s Executive Leadership Team, further solidifying the alignment between the two organizations.
In conclusion, the acquisition of Splunk by Cisco marks a historic milestone for both companies and the tech industry as a whole.
It is set to fortify Cisco’s position as an innovation leader, enhance its go-to-market capabilities, and foster a culture of excellence.
Together, Cisco and Splunk aspire to accelerate progress and unlock new possibilities for customers, heralding a brighter and more inclusive future for all.
The acquisition is pending regulatory approvals and is expected to close in the coming months, subject to customary closing conditions.