Security News > 2023 > September > Cisco to Acquire Splunk for $28 Billion, Accelerating AI-Enabled Security and Observability

On Thursday Cisco agreed to buy Splunk in a $28 billion deal intended to address AI-enabled security and observability issues.

Cisco announced yesterday its intention to acquire Splunk, a renowned name in data observability and security, in a deal valued at approximately $28 billion.

Although a unanimous agreement has been reached by the boards of directors at both Cisco and Splunk, the deal is still subject to regulatory approval and the consent of Splunk shareholders.

"We're excited to bring Cisco and Splunk together. Our combined capabilities will drive the next generation of AI-enabled security and observability. From threat detection and response to threat prediction and prevention, we will help make organizations of all sizes more secure and resilient," said Chuck Robbins, chair and chief executive officer of Cisco, in the company's press release about the deal.

Neither Cisco nor Splunk are considered key players in the AI space, and Splunk hasn't perfected SIEM cloud automation.

While there is a potential that Cisco and Splunk have complementary capabilities that span the security analytics spectrum, there are challenges that may stand in their way.

News URL

https://www.techrepublic.com/article/cisco-to-acquire-splunk-for-28-billion/