Cisco has confirmed today that it has acquired Splunk. Following approval from all competition authorities, the deal worth $28 billion is complete.
On March 13, the last deadline for the EU antitrust watchdog expired, removing the last possible roadblock to Splunk’s acquisition. Today, Cisco itself confirmed that the deal is finally complete.
Tip: Cisco buys cybersecurity and observability company Splunk for $28 billion
It means it only took roughly 6 months for Cisco’s acquisition of Splunk to become finalized. It’s even faster than Cisco itself expected. Initially, the company set the third quarter of calendar year 2024 as the expected completion date for the deal.
Full-stack observability
Former CEO Gary Steele is now executive vice president and general manager of Splunk. He will now report directly to Cisco CEO Chuck Robbins. Under Steele’s reign, the data collector has focused on profitability with a unified security and observability platform. The dream, however, is to bring about even more unification, with full-stack observability (FSO) as the buzzword. It’s exactly what Cisco itself also wishes to promote, made concrete through its FSO platform. Ultimately, FSO should mean that the monitoring of IT environments takes place entirely on one platform for customers, meaning there are no blind spots.
Although Cisco frequently acquires companies, none come close to the size of Splunk. The latter is therefore unlikely to be swallowed up within Cisco. However, it does offer a logical extension of the Cisco ecosystem, possibly with AppDynamics suffering the consequences. After all, Splunk’s SIEM and observability package could replace these offerings.
19 hours ago
