Is Cisco taking over Splunk? Rumours explained

FOUNDED in 1984, Cisco System is one of the world’s largest information technology companies.

Cisco has a reported market capitalization of around $227.33billion.

Cisco reportedly made a takeover offer for Splunk

Is Cisco taking over Splunk?

On Friday, February 11, 2022, the public learned Cisco Systems Inc reportedly made a $20billion takeover offer for Splunk Inc, according to the Wall Street Journal.

The offer was reportedly made recently, but the companies are not in active talks at the time.

If the deal ends up happening, it will be Cisco’s biggest acquisition to date.

Splunk has a market capitalization of around $18.2billion, Investing.com reports.

What is a market capitalization?

A market capitalization – also known as market cap – is the total value of all a company’s shares of stock.

By multiplying the price of a stock by its total number of shares, one can find the market cap of a company.

What is Cisco?

Founded on December 10, 1984, Cisco is a leading technology corporation with a headquarters in San Jose, California.

Some specific tech markets Cisco specializes in include: Internet of Things, videoconferencing, domain security, Webex, OpenDNS, Jabber, Duo Security, and Jasper.

Leonard Bosack and Sandy Lerner came together to launch Cisco, opening to the pubic in 1990.

Cisco is a leading technology corporationReuters

What is Splunk?

Founded in October of 2003, Splunk is a software company based in San Francisco.

Splunk produces software used for searching, monitoring, and analyzing machine-generated data.

With Splunk technology, data is correlated in a simplified and searchable way; the software identifies data patterns, provides metrics, diagnoses problems and provides intelligence to further business operations.