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Founded in 1984, Cisco did not acquire a company during the first seven years of its existence; but, on September 24, 1993, Cisco acquired Crescendo Communications, a LAN switching company. [2] Following the first Cisco takeover purchase, acquisitions have constituted 50 percent of the company's business activity.
On September 21, 2023 Cisco announced it would acquire Splunk for $28 billion in an all-cash deal. [7] In November 2023, the company announced layoffs affecting 7% or 500 of its employees, following an earlier reduction of 300 staff in the same year.
Cisco is buying the cybersecurity firm Splunk in a $28 billion deal as it bolsters its defenses against potential security threats that may be heightened by the widening use of artificial ...
Cisco is acquiring cybersecurity software company Splunk for $157 a share in a cash deal worth about $28 billion, the company said Thursday.
Cisco Systems has agreed to buy cybersecurity firm Splunk for about $28 billion in its biggest-ever deal to beef up its software business and capitalize on the rising use of artificial ...
Reconnecting with Rob Das and Erik Swan in 2003, the three co-founded Splunk. [11] Their goal was to build a search engine for real-time flows and massive historical corpuses of machine data. [ 12 ] Splunk was the sixth startup for Baum and the first pure-play big data company to reach significant customer and revenue scale and debut on the ...
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 ...
Cisco Systems, Inc. (using the trademark Cisco) is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware , software , telecommunications equipment and other high-technology services and products. [ 4 ]