Cisco Systems, one of the world’s largest networking companies, has agreed to acquire cybersecurity firm Splunk for $28 billion in its biggest-ever deal. The deal, which was announced on September 21, 2023, is expected to close by the end of 2024.
Splunk is a leading provider of software that helps organizations collect and analyze data from a variety of sources, including security logs, application metrics, and social media. Cisco plans to integrate Splunk’s technology into its own security portfolio, which includes products such as Cisco Secure Firewall and Cisco SecureX.
The deal is expected to give Cisco a more comprehensive cybersecurity offering and help it to better compete with rivals such as Palo Alto Networks and Fortinet. It is also seen as a way for Cisco to accelerate its shift to software-as-a-service (SaaS) revenue.
What it means for US businesses
The Cisco-Splunk deal is good news for US businesses that are looking for a more comprehensive and integrated cybersecurity solution. Cisco is a well-respected brand in the networking industry, and Splunk is a leader in security analytics. Together, the two companies offer a wide range of products and services that can help organizations to protect themselves from cyber threats.
The deal is also expected to lead to increased innovation in the cybersecurity space. Cisco has a long history of investing in research and development, and Splunk is known for its innovative approach to security analytics. The two companies together are likely to produce new and innovative cybersecurity solutions that can help businesses to stay ahead of the curve.
How to prepare for the deal
US businesses that are considering using Cisco-Splunk cybersecurity solutions should start by evaluating their current security needs. What types of threats are they facing? What data do they need to collect and analyze in order to protect themselves? Once they have a good understanding of their needs, they can start to look for solutions that meet those needs.
Cisco and Splunk offer a wide range of cybersecurity products and services, so it is important to choose the ones that are right for your organization. You may also want to consider working with a trusted security advisor to help you choose the right solutions and implement them effectively.
The Cisco-Splunk deal is a major development in the cybersecurity industry. It is expected to give Cisco a more comprehensive cybersecurity offering and help it to better compete with rivals. The deal is also good news for US businesses that are looking for a more comprehensive and integrated cybersecurity solution.