Cisco Systems Inc (NASDAQ:CSCO) recently offered over $20 billion to acquire Splunk Inc (NASDAQ:SPLK). However, they were not in active discussions.
Credit Suisse analyst Phil Winslow said he was "not surprised" by Cisco's reported interest in Splunk, especially considering the strategic fit of the latter with Cisco's existing IT security businesses and the prior acquisition of AppDynamics. Winslow said he has long viewed Splunk as a unique asset from a technology perspective.
