Cisco and Splunk, the leaders in cybersecurity, have agreed to buy Splunk for cash at a rate of $157 per share, bringing the total equity value to around $28 billion.

The leaders in cybersecurity and observability, Cisco and Splunk, today announced a final agreement under which Cisco plans to purchase Splunk for $157 per share in cash, or around $28 billion in equity value. President and CEO of Splunk, Gary Steele, will become a member of Cisco's Executive Leadership Team upon the acquisition's completion, according to Chair and CEO Chuck Robbins.

The acquisition will expedite Cisco's ambition to securely link everything to make anything possible and expand on Splunk's history of assisting businesses in enhancing their digital resilience. Organizations will become more resilient and safe with the combined expertise of these two well-known specialists in AI, security, and observability.

Data is ubiquitous in today's hyperconnected world, since every firm depends on it to manage operations and make daily, crucial choices. It produces a degree of complexity that is unmatched by anything enterprises have experienced when you take into account the increasing adoption and acceleration of generative AI, growing danger surfaces, and numerous cloud environments. To stay digitally resilient, organizations need to manage, safeguard, and extract the actual value of their data.

The merging of these two well-known industry experts with complementary strengths in observability, security, and AI will reveal the full value of data and assist in enhancing the digital resilience and security of enterprises of all sizes.