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Cisco to buy Splunk in $28B bid to secure enterprises in AI era

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简介Bloomberg/Contributor/Getty ImagesCisco has announced plans to acquire data analytics vendor, Splunk...

Bloomberg/Contributor/Getty Images

Cisco has announced plans to acquire data analytics vendor, Splunk, as it looks to offer enterprises deeper visibility and threat detection capabilities amid the growing adoption of artificial intelligence (AI). 

Estimated to be worth $28 billion in equity value, at $157 per share in cash, the acquisition will form one of the world's largest software companies, Cisco said in a statement Thursday. The networking equipment vendor added that the deal also will boost its recurring revenue. 

futuristic conceptAI in 2023: A year of breakthroughs that left no human thing unchanged Abstract people silhouettes against glass, 3D generated image.These are the jobs most likely to be taken over by AI 5G in cityAI at the edge: 5G and the Internet of Things see fast times ahead Outline of brain with geometric shapes insideAlmost half of tech executives say their organizations aren't ready for AI or other advanced initiatives futuristic conceptAI in 2023: A year of breakthroughs that left no human thing unchanged
  • Abstract people silhouettes against glass, 3D generated image.These are the jobs most likely to be taken over by AI
  • 5G in cityAI at the edge: 5G and the Internet of Things see fast times ahead
  • Outline of brain with geometric shapes insideAlmost half of tech executives say their organizations aren't ready for AI or other advanced initiatives
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