The digital communications tech giant Cisco is acquiring the cybersecurity software firm Splunk in a $28 billion deal meant to boost its software business with new AI-enabled security technology. The largest deal in Cisco’s history, it adds to a slew of recent acquisitions that company has made in the AI and software security space this year.
"We're excited to bring Cisco and Splunk together. Our combined capabilities will drive the next generation of AI-enabled security and observability," Chuck Robbins, chair and CEO of Cisco, said in a statement announcing the deal. “From threat detection and response to threat prediction and prevention, we will help make organizations of all sizes more secure and resilient."
