Cisco's acquisition of Splunk for $28 billion is a major shakeup in the IT industry. The deal is expected to close in early 2024, and it will create a new powerhouse in the cybersecurity and observability market.

The acquisition has a number of implications for both companies and their customers. For Cisco, it gives the company a major presence in the observability market, which is growing rapidly as businesses look for ways to monitor and manage their complex IT systems. For Splunk, it gives the company the resources and backing of a major tech giant, which could help it accelerate its growth and innovation.

For customers of both companies, the acquisition could mean a number of things. For Cisco customers, it could mean new and improved cybersecurity and observability solutions. For Splunk customers, it could mean access to Cisco's vast resources and expertise.

Overall, the acquisition of Splunk by Cisco is a major event in the IT industry. It remains to be seen how the deal will play out in the long term, but it is clear that it will have a significant impact on the cybersecurity and observability market.

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Acquisition of Splunk by Cisco

Cisco CEO Chuck Robbins on Splunk acquisition: Deal will add $4 billion in annual recurring revenueCNBC TelevisionOpens in a new windowCisco chairman and CEO Chuck Robbins and Splunk CEO Gary Steele join 'Squawk on the Street' to discuss Cisco's acquisition ...Opens in a new window

Cisco places $28 billion bid to acquire SplunkCNBC TelevisionOpens in a new windowCNBC's Deirdre Bosa joins 'The Exchange' to discuss Cisco's bid to buy Splunk, M&A among enterprise software technology, and ...Opens in a new window

Cisco acquiring cybersecurity company Splunk in cash deal worth $28 billionCNBC TelevisionOpens in a new windowCNBC's 'Squawk on the Street' crew discuss the latest acquisition. For access to live and exclusive video from CNBC subscribe to ...Opens in a new window

Cisco buys Splunk for $28 billion in push for AI-powered dataCNBC TelevisionOpens in a new windowCNBC's Deirdre Bosa reports on news from Cisco. For access to live and exclusive video from CNBC subscribe to CNBC PRO: ...Opens in a new window

Cisco buying Splunk for $28 billion: CFO tells YF why it's a great fitYahoo FinanceOpens in a new windowCisco (CSCO) is buying cybersecurity firm Splunk (SPLK) in a deal valued at around $28 billion. Cisco says the deal will ...Opens in a new window