Cisco Completes Acquisition of Splunk
source confidence: High status: Useful updated 2026-07-11
Summary
Cisco announced on March 18, 2024 that it had completed its acquisition of Splunk. The release frames the deal as combining Cisco's networking and security portfolio with Splunk's security and observability products to create broader visibility across enterprise digital systems.
Useful Claims
- Cisco completed the Splunk acquisition on 2024-03-18.
- The transaction valued Splunk at approximately $28 billion in equity value, with Cisco paying $157 per share in cash.
- Cisco described Splunk as a major addition to its software, security, observability, and AI strategy.
- Cisco said the combination would bring the network together with security and observability solutions for a real-time unified view of the digital landscape.
- Gary Steele was quoted in the release as Executive Vice President, General Manager, Splunk.
Reliability Notes
This is a primary-source acquisition announcement from Cisco. It is strong evidence for deal timing, price, and Cisco's stated strategic rationale. It is weaker evidence for the future value of the integration because those statements are forward-looking and should be checked against later product, financial, and customer evidence.