“Cisco Systems has put down a takeover offer for Splunk worth more than $20 billion, according to a Friday evening report published by The Wall Street Journal.
The reported deal would be the largest price tag for Cisco, which is no stranger to technology acquisitions. The combination could create a security powerhouse that would combine Cisco’s strength in network security with San Francisco-based Splunk’s strength in data-focused security operations…”
“The potential deal could position Cisco to compete with security leader Palo Alto Networks in the security operations space. Palo Alto also bought security orchestration, automation and response player Demisto, a direct competitor of Phantom, in 2019 for $560 million.
Splunk, like Cisco, has been shifting its business from selling on-premises software with traditional license pricing to cloud-based software sold on a subscription basis in a move that has been transformative for the company and its channel partners…” Read the full article here.
Source: Cisco Reportedly Made $20B Bid For Software Giant Splunk – By Gina Narcisi, February 11, 2022. CRN.
