Cisco plans to acquire cybersecurity company Splunk in cash for $157 per share, a 31% premium on Splunk's September 20 closing price, in a deal valued at ~$28B
https://www.reuters.com/... Chris Merkel / @chrismerkel@infosec.exchange : Scoop: Anonymous has hacked the neuralinks of the leadership teams at Splunk and Cisco. While I can't identify the specific person this inner monologue came from, I can verify it's authenticity because I made them do morse code like that dude in episode 1 of Homeland: — THIS TIME AROUND WILL BE DIFFERENT. … @varmazis@mstdn.social : I like how the near universal reaction to Splunk's news is “congratulations?” Kevin Jones / @vcsjones@infosec.exchange : Maybe Cisco will make Splunk cheaper. Seems plausible. Rob Wright / @robwright@infosec.exchange : Worth reading this — @BPariseau story from last year on Gary Steele taking over as Splunk CEO and what it could mean for a company at a crossroads. https://www.techtarget.com/... @da_667@infosec.exchange : welp, I'm thoroughly disgusted. — https://www.bloomberg.com/... X: @jackrhysider : Cisco to buy Splunk for $28bn. Something's not right about this. Let me think out loud here. First Splunk is a logging tool. And they are great at it. Always been a shining star in what they do. Their tool was better at all the competitors right away and they knew it. They've... Lady G / @gabsmashh : is this $28bn that Cisco is giving Splunk to buy them, or just renew their license for the year? Dan Ives / @divestech : Cisco buying Splunk in massive $28 bn deal/30% premium. Speaks to our thesis that a tidal wave of M&A from strategic/financial buyers will happen across the software and tech space over the coming year. Been surprising the lack of M&A but AI Revolution has changed the game Logan Bartlett / @loganbartlett : Two thoughts 1. Why did I make such a weirdly specific prediction 2. Wtf [image] @anshublog : Webex pulled Cisco into a SaaS business. Subscriptions business. AppDynamics was a huge M&A - they paid almost $4B for an APM company. Splunk is the natural next step in observability and security. Two of the fastest growth markets. https://techcrunch.com/... @anshublog : With this acquisition of $SPLK, Cisco can lay claim to being one of the top platforms in security and observability. There's tons of opportunity to apply AI in this layer. I won't be surprised that this is the beginning of a spree to create a leader by consolidation. Corey Quinn / @quinnypig : Both companies (now “Splisco") have the same core market: companies whose biggest problem is employees keep tripping over the bags of extra money strewn about the office. Patrick Moorhead / @patrickmoorhead : Cisco acquiring Splunk. This is an easy one. Will create an even bigger observability capability and an even bigger security giant. $CSCO $SPLNK https://www.prnewswire.com/... $CSCO $SPLNK Ham Elliot / @r0wdy_ : Buying Splunk was cheaper for Cisco than paying their bill Dave Kennedy / @hackingdave : Not surprised on this one - curious to see if Cisco will take take more aggressive pricing model for all especially on storage. It's a great product and super powerful - but most can't afford it. If they make it more affordable - could put them ahead. https://www.splunk.com/... @economyapp : Cisco to acquire Splunk for $28B. 7 times estimated FY24 revenue. Cash deal at $157/share. What do you think of this move? $CSCO $SPLK [image] @ippsec : Am I missing something? Or is Splunk actually worth less than Twitter was? That sounds so crazy to me. Tyler Hogge / @thogge : I will venmo $30 to whomever can explain what splunk does in the simplest, clearest, most descriptive way possible. Please submit your answer as a reply to this tweet. Winner will be selected before end of day 👇🏼 Lina / @d0rkph0enix : I legit do not understand why people hate Cisco so much. I worked at both companies, and Splunk internally is a shitshow of epic proportions, which is why I left after less than a year. At the very least they'll now be run like a big boy company. 🙄🙄🙄 @networkchuck : What! Cisco is buying Splunk!?!?! Daniel Newman / @danielnewmanuv : Cisco announces intent to acquire Splunk. This one has been in the making for some time. The price was too high the first time but it always made sense. Looks like a good tie up for both companies. $SPLK $CSCO Alex Konrad / @alexrkonrad : Easily in the top 5 biggest tech acquisitions of companies whose name sounds like a prank https://www.forbes.com/... Justin Elze / @hackinglz : Trying to find a silver lining here 🤔 https://newsroom.cisco.com/... @wolfofharcourt : Funfact: Cisco $CSCO failed in its attempt to acquire Datadog $DDOG in 2019 before it's IPO for $7 billion Four years later, it acquires $DDOG competitor Splunk $SPLK for $28 billion or four times the price Alex Cohen / @anothercohen : I'm sorry but every time I hear the name “Splunk” all I can think about is this scene from Silicon Valley [video] Aaron Levie / @levie : Wow. We are so back. [image] Pradeep Gowda / @btbytes : Congrats to Gary Steele and his team. Two companies sold, first Proofpoint to Thoma Bravo and now Splunk to Cisco in under 3 years. Chuck Robbins / @chuckrobbins : I'm thrilled to announce @Cisco's intent to acquire @Splunk, a leader in cybersecurity and observability. Learn more about how, together, we'll help make organizations more resilient and secure in an AI-powered world: https://blogs.cisco.com/... John Breth / @jbizzle703 : Might be cheaper than what Cisco's Splunk licensing costs were😂 @onlycfo : Breaking News: Cisco renews annual Splunk subscription Katie Greifeld / @kgreifeld : does this mean I won't have to hear “splunk” again @splunk : #SplunkNews: We're excited to announce that Splunk and Cisco have agreed to join forces to create one of the largest software companies globally and realize our shared vision to keep organizations worldwide secure and resilient. Read more: https://www.splunk.com/... @cisco : Cisco announces its intent to acquire @splunk, making organizations more secure and resilient in an AI-powered world. https://blogs.cisco.com/... [video] Jon Erlichman / @jonerlichman : Price paid to acquire these companies: 21st Century Fox: $71.3 billion (Disney) Activision Blizzard: $68.7 billion (Microsoft) EMC: $67 billion (Dell) Xilinx: $35 billion (AMD) Red Hat: $34 billion (IBM) Splunk: $28 billion (Cisco) Slack: $27.7 billion (Salesforce) LinkedIn:... LinkedIn: William Kilmer : I'm not sure anyone saw this coming, but it's a logical move. Those cybersecurity vendors who gather and best make sense of the data will win. … Nadhem AlFardan : We (Cisco) are buying Splunk — This is BIG news — #splunk #cisco #security — https://lnkd.in/... Brian Salsberg : Another mega-deal. At $28B, this should be close to a top 5 deal for 2023. #mergersandacquisitions #transactionadvisory #transactions Richard Stiennon : Did not see that coming! At $28 billion it is the biggest security transaction ever. (If you categorize Splunk as “security.") … Patrick Moorhead : Cisco acquiring Splunk This is an easy one. Will create an even bigger observability capability and an even bigger security giant. $CSCO $SPLNK Srivatsan Srinivasan : Wow.. Interesting deal. Is Cisco spending all cash in hand for splunk? — Close to 4 billion directly on Cisco top line … Forums: r/worldnews : Cisco makes largest ever acquisition, buying cybersecurity company Splunk for $28 billion in cash r/technology : Cisco beefs up cybersecurity play with $28 bln Splunk deal