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Cisco beefs up cybersecurity play with $28 billion Splunk deal: A win-win for businesses and the industry
Cisco Systems on Thursday agreed to buy Splunk, a cybersecurity company, for about $28 billion in its biggest deal ever. The deal is expected to close by the end of the third quarter of 2024, subject to regulatory approvals.
Cisco is a leading provider of networking equipment and software, while Splunk is a leader in data analytics and security. The combination of the two companies is expected to create a powerhouse in the cybersecurity market.
Splunk’s software is used by businesses to collect and analyze data from a variety of sources, including networks, security systems, and applications. This data can then be used to detect security threats, investigate incidents, and improve overall security posture.
Cisco has been investing in cybersecurity for several years, but the Splunk deal represents a significant step forward. The acquisition will give Cisco a broader portfolio of security products and services, and it will also help Cisco to better integrate its security offerings with its networking products.
The deal is also a sign of the growing importance of cybersecurity. Businesses of all sizes are facing increasing threats from cybercriminals, and they are looking for solutions that can help them to protect their data and systems.
Here are some of the potential benefits of the Cisco-Splunk deal:
- More comprehensive cybersecurity solutions: Cisco and Splunk offer complementary products and services, so the combination of the two companies will create a more comprehensive cybersecurity portfolio. This will make it easier for businesses to find the solutions they need to protect their data and systems.
- Better integration: Cisco and Splunk’s products and services are already integrated to some extent, but the acquisition will allow the two companies to deepen the integration. This will make it easier for businesses to manage their security posture and respond to threats.
- Increased innovation: Cisco and Splunk are both innovative companies, and the combination of the two companies is likely to lead to even more innovation in the cybersecurity market. This will benefit businesses of all sizes.
Overall, the Cisco-Splunk deal is a positive development for the cybersecurity industry. It is expected to create a powerhouse in the market and lead to more comprehensive, integrated, and innovative cybersecurity solutions.