In the fast-paced world of technology, major acquisitions or IPOs can send shockwaves through the industry. After the recent IPO of Arm Holdings, there has been another huge announcement this week. Cisco has just announced their intent to acquire Splunk Technologies for over US$28 billion.
For Cisco, this transaction might be pivotal in their expansion of their service offerings outside of their telecommunications equipment services. However, many people might not be familiar with Splunk Technologies’s operations and recent financial status. In this article, we will deep dive into this Cisco and Splunk acquisition deal and whether it makes sense for Cisco to pursue it?
Splunk Technologies Background
Splunk Technologies is a leading player in the realm of data analytics established in 2023. At its core, Splunk is a data analytics platform designed to ingest, manage, search and analyse vast amounts of data. This data could come from a variety of sources within an organisation. This includes IT infrastructure,
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