Tag: cyber growth
Cisco bets the farm on Splunk
Cisco’s US$28 billion acquisition of cybersecurity firm Splunk is the largest acquisition in the networking giant’s history. It is now being seen as a clear signpost for the future value of cybersecurity companies worldwide. The price paid for the 20-year-old San Francisco company represented over 12 percent of Cisco’s US$198 billion market capitalization. The $28 billion acquisition was closed within only six months, at a time when many large mergers are being blocked or delayed by regulators. “We will revolutionize the way our customers leverage data to connect and protect every aspect of their organization as we help power and protect the AI revolution,” said Cisco CEO Chuck Robbins.