Cisco Completes Acquisition of Splunk for $28 Billion

Cisco, a leader in networking and cybersecurity solutions, has finalized its acquisition of Splunk, a prominent player in data analysis, security, and observability tools, in a deal valued at $28 billion. This strategic move underscores Cisco’s commitment to bolstering its portfolio with Splunk’s advanced AI-driven capabilities, enhancing its offerings in data analysis and security. Headquartered in San Jose, California, Cisco is renowned for its wide range of products and services designed to ensure secure and efficient data communication across various sectors, while Splunk, based in San Francisco, specializes in big data analysis, providing insights for businesses to operate securely and efficiently.