The purchase of Splunk signifies Cisco’s shift toward a greater focus on AI and resiliency in the enterprise environment.
Story by Moshe Beauford, Channel Futures
The long-discussed rumors of a Cisco-Splunk Merger came true on Thursday morning, with Cisco announcing a $28 billion acquisition that shows its commitment to expanding AI in unified communications environments.
The San Jose, California-based technology firm has had a solid fiscal year, with its 2023 revenue reaching some $57 billion, an increase of 11% when compared year-over-year – the firm’s highest rate of growth in over a decade – a spokesperson for the firm told Channel Futures.
It then appears that it would only make sense to spend some cash. This morning Cisco did just that, announcing that it would acquire Splunk, the San Francisco-based cybesecurity business founded in 2003.
With solutions that touch virtually every enterprise sector/vertical, including advanced threat detection, automation and orchestration, IT modernization for AWS, Microsoft Azure and other environments, the move would seem to be a sensible one.
