Cisco intends to acquire Splunk for $28 billion, merging its strengths in AI, security, and cloud observability.
The deal gives Cisco an improved platform for observing hybrid and multi-cloud systems, providing customers with AI capabilities.
Cisco's CEO, Chuck Robbins, believes the move will amplify innovation and expand global reach to serve all customers.
He said: “Our combined capabilities will drive the next generation of AI-enabled security and observability.”
“From threat detection and response to threat prediction and prevention, we will help make organisations of all sizes more secure and resilient.”
Gary Steele, President and CEO of Splunk, added: “Together, we will form a global security and observability leader that harnesses the power of data and AI.
Post-acquisition, Steele will join Cisco's top leadership.