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Cisco Completes $28 Billion Acquisition of Splunk

Cisco on Monday completed its $28 billion acquisition of Splunk.
The networking giant paid $157 per share in cash for Splunk, a powerhouse in data analysis, security and observability tools, in a deal first announced in September 2023.
Cisco plans to leverage Splunk's AI, security and observability capabilities complement Cisco's solution portfolio.
Cisco says the transaction is expected to be cash flow positive and non-GAAP gross margin accretive in Cisco's fiscal year 2025, and non-GAAP EPS accretive in fiscal year 2026.
Splunk's President and CEO Gary Steele now join Cisco's executive team as Executive Vice President, General Manager, Splunk, and reports to Robbins.
Splunk's common stock ceased trading on NASDAQ prior to the opening of trading today.


This Cyber News was published on www.securityweek.com. Publication date: Mon, 18 Mar 2024 14:43:07 +0000


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