Cisco Systems (CSCO) Offered to Acquire Splunk (SPLK) for More Than A 24/7 Wall St. analysis reveals that the largest merger deal of the past two decades was worth more than $128 billion. Sign up for free newsletters and get more CNBC delivered to your inbox. Splunk Stock Lacks Momentum amid Insider Selling | Nasdaq Company:Splunk - HandWiki Customer Service. Management expects to be in the black for the balance of the year ahead, so that's good news. mutant fly stardew valley; nba waterboy salary per hour near new jersey; wimbledon draw 2022 wiki; london classical concerts 2022; beadnell camping pods Cisco Systems (NASDAQ: CSCO) offered to acquire Splunk (NASDAQ: SPLK) for more than $20 billion, the Wall Street Journal reported citing people familiar with the matter. VictorOps acquired by Splunk . Splunk is a developer of software used to collect, index, search and analyze machine-generated data from websites, applications, sensors and devices. Press Release: 6/6/2019 Xerox Acquires Two New Dealers to Expand Presence in the Small-To-Medium Sized Business Market. It has remained stable since at around $122 per share. Billy Duberstein owns Amazon and Splunk. Ciscos $20 billion acquisition offer, which is $13 billion more than its highest acquisition ever, comes after the company announcedOpens a new window a 17% rise in net income and a 6% rise in revenue in Q2 2022 against Q2 2021. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The acquisition complements Cisco's strategy of developing networking solutions that integrate voice, data and video traffic. But there's still lots of work to be done on the cloud business. SEC Filings | Splunk Inc. Already a member? No deal is currently on the table, according to two people familiar with the talks, but Cisco could pay more than $20 billion, one said. The industry leader for online information for tax, accounting and finance professionals. Build resilience to meet todays unpredictable business challenges. Craig Galbraith. This Is the Largest Merger of the Past 20 Years. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. [Related: Cisco Powers Hybrid Work With Private 5G, New Wi-Fi 6E And Catalyst Series]. I think Splunk is a very lucrative acquisition target for several major players including . The offer was made recently and the companies are not in active talks, the newspaper said, citing some of the sources. Cisco is using acquisitions to help it grow . Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Its software helps capture, index and correlate real-time data in a searchable repository, from which it can generate graphs, reports, alerts, dashboards and visualizations. Other tech companies have made that transition in the past, but when they do undertake this transition, they will initially show revenue declines, as larger multi-year deals are replaced by smaller annual but recurring revenue. Splunk Inc. is an American software company based in San Francisco, California, that produces software for searching, monitoring, and analyzing machine-generated data via a Web-style interface. Feb 11 (Reuters) - Network gear maker Cisco Systems Inc (CSCO.O) has made a takeover offer worth more than $20 billion for software maker Splunk Inc (SPLK.O), the Wall Street Journal reported on Friday, citing people familiar with the matter. splunk acquisition rumors 2020lakeland correctional facility splunk acquisition rumors 2020. matthew 13:11 studylight; what game do bakers like to play. Alex Murdaughs Trial Lasted Six Weeks. We've been tracking company news on mergers and acquisitions since 1999. Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. It appears Splunk is back in growth mode, and recent acquisitions and the launch of its new Observability Suite and Security Cloud offerings could help sustain this return to growth. splunk acquisition rumors 2020; joaquin niemann sponsors. Why This Splunk Shareholder Hopes It Doesn't Sell to Cisco Splunk's software collects data logs and can give an enterprise added insight into operations, security, and application performance. Splunk finished trading on Friday at roughly an $18 billion market cap, and after the after-hours surge, the market cap rose to $20.2 billion. First of all, Splunk is far off from its all-time highs, down about 48% from its 2020 highs at the end of trading on Friday. Deeply embedded in the largest companies and their technology systems, it would be a big undertaking to replace Splunk with a competitor. Making the world smarter, happier, and richer. It will also affirm Ciscos projected dominance in the sector in the years ahead. Technology has been a hotbed of mergers and acquisitions activity over the past year, as soaring stock prices have left companies flush with cash. Cisco and Splunk representatives declined to comment. #2: Cisco-Splunk Acquisition Rumors - Channel Futures No, You Cant Build Here, Opinion: About Those Free Tickets to Hong Kong, Opinion: China Remains the Worlds Pandemic Risk. It has more recently sought to shift toward cloud computing and catch up with its competitors, like Datadog, that started their business in the cloud. Cisco has sought to expand its security business while also selling data center networking equipment and Webex collaboration software. That bidder was Sycamore Partners, a . The offer exceeds Splunks current market capitalization by $2 billion, but reports indicate the two companies havent discussed it yet. Opting out of these cookies may impact some minor site functions. In fact, many large companies use multiple vendors for internal data analytics. Cloudera Agrees to $5.3B Private Equity Buyout; Stock Up 24% Cisco Systems Inc. has made a takeover offer worth more than $20 billion for software maker Splunk Inc., according to people familiar with the matter, in what would be the networking giants biggest acquisition ever. . Salesforce to Acquire Slack for $27.7 Billion (Published 2020) Directly supervise a team of 15 global staff consisting of product, delivery . The Motley Fool owns shares of and recommends Datadog and Splunk. Splunk Becomes A Strategic Acquisition Target For - SeekingAlpha Acquisitions | Splunk Over half of Rigor's customers are already Splunk customers, so when they came calling as a potential acquirer, it was a perfect fit. See why organizations trust Splunk to help keep their digital systems secure and reliable. The Motley Fool has a disclosure policy. . Companies Contacts Investors Funding Rounds Acquisitions People Events Schools Hubs Saved . These rankings reflect its credentials and dominance in the space. Let us know if you enjoyed reading this news on LinkedInOpens a new window , TwitterOpens a new window , or FacebookOpens a new window . The Wall Street Journal reported that Cisco offered the data observability and security information and event management (SIEM) provider $20 billion. Requested URL: www.sdxcentral.com/articles/analysis/who-will-cisco-buy-instead-of-splunk/2022/02/, User-Agent: Mozilla/5.0 (Windows NT 6.1; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/103.0.0.0 Safari/537.36. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Ciscos offer comes when Splunk is actively hunting for a new CEO following former president and CEO Doug Merritts departure in November 2021. She can be reached at gnarcisi@thechannelcompany.com. Do you still have questions? According to Newman, Splunk underwent a rough phase in 2021, losing its CEO and witnessing its stock price taking a tumble, but the company still packs a punch and offers a lot of value to potential buyers. BILL HOLDINGS, INC. : Shareholders Board Members Managers and Company Splunks acquisition of Rigor adds a unique Digital Experience Management (DEM) platform that combines the power of synthetic monitoring with intelligent optimization engine capabilities to enhance Splunk's Observability solutions. In spite of these strong qualities, Splunk traded at just 7.5 times trailing sales at the end of trading Friday -- a relative bargain in the high-growth software sector. San Jose, Calif.-based Cisco did not respond to CRNs request for comment on the alleged deal by publication time. eric kocher generation kill; blue shield of northeastern ny claims address; alycia debnam carey siblings; cauliflower jalapeno nobu; Transform your business in the cloud with Splunk. If you feel that youve landed on this page in error, please contact SDxCentral Support. The reported deal would be the . The top source for up-to-the-minute company Merger News. Splunks acquisition of Drastin expands Splunks search-driven analytics capabilities and enhances our ability to provide an intuitive search experience for our customers. New transactions may be ongoing, let's look at the details. Aug 22, 2019 . Discover what Splunk is doing to bridge the data divide. Cisco Systems, the technology conglomerate, has held discussions with the software company Splunk about buying it, although no deal is currently on the table, two people familiar with the matter told The New York Times on Friday. Opinion: Yes, Theres a Housing Crisis. The offer was made recently and the companies arent currently in active talks, some of the people said. Invest better with The Motley Fool. According to Futurum Research, the deal would be a good fitOpens a new window for both companies.