She can be reached at gnarcisi@thechannelcompany.com. Who Will Cisco Buy Instead of Splunk? - SDxCentral He is best known in the industry for his stint as the chief financial officer and later executive vice president at Salesforce. Splunk to buy security intelligence-sharing startup TruStar Published Dec. 1, 2020 Updated Jan. 4, 2021. This one was a gift for the core CRM product. IT systems management, cybersecurity, and observability company Splunk (SPLK -1.40%) surged more than 11% late Friday, after The Wall Street Journal reported tech giant Cisco Systems (CSCO 1.54%) had made an offer to buy the company for more than $20 billion. Opinion: Yes, Theres a Housing Crisis. List of Splunk's 16 Acquisitions, including TwinWave And TruSTAR Cisco Systems made a takeover offer worth more than US$20 billion (A$28 billion) for software maker Splunk, the Wall Street Journal reported, citing people familiar with the matter. We are constantly evaluating potential opportunities. Accelerate value with our powerful partner ecosystem. Cisco's offer comes when Splunk is actively hunting for a new CEO following . The acquisition complements Cisco's strategy of developing networking solutions that integrate voice, data and video traffic. As I see it, Splunks presence in the security and observability space would be an incredibly attractive addition to Ciscos existing solutions, while adding a substantial cloud and recurring revenue-based business to the companys top line, said Daniel Newman, Futurums principal analyst. Splunks acquisition of Streamlio accelerates Splunk's efforts in real-time stream processing and containerized multi-tenant cloud platform applications expanding Splunk's commitment to and participation in the open source software community. Shares of Splunk ( SPLK) - Get Free Report dropped Friday after the software developer disclosed that its chief technology officer, Tim Tully, would leave next month. She added that the acquisition of Splunk will help Cisco achieve growth in this segment. a 17% rise in net income and a 6% rise in revenue in Q2 2022 against Q2 2021. Splunks acquisition of BugSense enhances our product offerings so that customers can analyze machine data directly from mobile devices and correlate it with other machine-generated data to gain Operational Intelligence. A Division of NBCUniversal. The site owner may have set restrictions that prevent you from accessing the site. How far over that figure will determine whether the acquisition goes through or not. Right now, Splunk stock is giving traders a potential breakout from its current trading range, as well as a monthly-up rotation over the January high of $124.72. eric kocher generation kill; blue shield of northeastern ny claims address; alycia debnam carey siblings; cauliflower jalapeno nobu; Splunk named after spelunking, the sport of cave exploring mines data for insights, including security threats, a business that grew in importance as the coronavirus pandemic quickly forced many workers online. 2023 CNBC LLC. As I see it, Splunks presence in the security and observability space would be an incredibly attractive addition to Ciscos existing solutions, while adding a substantial cloud and recurring revenue-based business to the companys top line.. *Average returns of all recommendations since inception. Dropbox (DBX) Acquisition Rumors | High Flying Investing Is Splunk Stock a Buy After Getting a $1 Billion Investment - Nasdaq The purchase marks one of the largest ever for the software industry. Cisco Systems has put down a takeover offer for Splunk worth more than $20 billion, according to a Friday evening report published by The Wall Street Journal. Microsoft is on a buying binge. Here's what it could buy next - CNN Cisco Systems has put down a takeover offer for Splunk worth more than $20 billion, according to a Friday evening report published by The Wall Street Journal. Oct 20, 2020 . Splunk's software collects, analyzes and visualizes real-time and historical machine data from any source. Gert Van Damme - Lead Business Consultant NetSuite ERP - LinkedIn Management expects to be in the black for the balance of the year ahead, so that's good news. The Company's most targeted sectors include internet software and services (50%) and software (29%).. Join Mergr and gain access to Splunk's M&A summary, the M&A summaries . Rigor's monitoring and optimization solutions complement the other Splunk offerings. SEC Filings. As I see it, Splunks presence in the security and observability space would be an incredibly attractive addition to Ciscos existing solutions, while adding a substantial cloud and recurring revenue-based business to the companys top line, said Daniel Newman, Futurums principal analyst. Palo Alto also bought security orchestration, automation and response player Demisto, a direct competitor of Phantom, in 2019 for $560 million. Splunk Mergers and Acquisitions Summary | Mergr Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. To make the world smarter, happier, and richer. You will be charged Splunks stock price fell 20% over a six-month period, and the company reportedOpens a new window a GAAP operating loss of $780 million in 2021. Splunks acquisition of Cloudmeter adds new capabilities to Splunk products that enable customers to analyze machine data directly from their networks and correlate it with other machine-generated data to gain insights in application and infrastructure management, IT operations, security and business analytics. Cloudmeter. His clients may own shares of the companies mentioned. 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. Will Townsend. It has remained stable since at around $122 per share. Robbins also cited the company's policy not to comment on rumors or speculation regarding the reported Splunk acquisition. Our servers do not recognize your request. Cloud annual recurring revenue (ARR) has been off to the races and was up 83% year over year in Q1 fiscal 2022 to $833 million, but these changes have throttled overall revenue expansion. But there's still lots of work to be done on the cloud business. With dominant position in multiple on-premise markets, Ciscos valuation has been held back by more gradual moves toward the cloud and the revenue transition from opex vs. capex focused IT. $20 Billion Splunk Acquisition Could Put Cisco Atop Security Field Splunk . Statement of changes in beneficial ownership of securities. StreetInsider.com - Mergers News Apr 16, 2021 1:02 PM EDT. Precept is a leading multimedia networking software company. *Average returns of all recommendations since inception. Microsoft's acquisition of B's parent company for $7.5 billion in March of this year shocked the gaming industry and raised the level of XBOX's camp. You do not have access to www.sdxcentral.com. All Rights Reserved. Statement of changes in beneficial ownership of securities. 2005 - 2023 Splunk Inc. All rights reserved. Let us know if you enjoyed reading this news on LinkedInOpens a new window , TwitterOpens a new window , or FacebookOpens a new window . Splunk, like Cisco, has been shifting its business from selling on-premises software with traditional license pricing to cloud-based software sold on a subscription basis in a move that has been transformative for the company and its channel partners. The Wall Street Journal reported the potential deal earlier on Friday. The Omnition purchase follows Splunk's announcement last month that it planned to acquire cloud monitoring company SingalFx for $1.05 billion -- its largest acquisition ever. Our Standards: The Thomson Reuters Trust Principles. Deliver the innovative and seamless experiences your customers expect. Then there's also the balance sheet. 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Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The potential deal could position Cisco to compete with security leader Palo Alto Networks in the security operations space. So what should new GCP leader Thomas Kurian do? We base our decisions on strategic fit, cultural fit, and equally as important, the financial and evaluation fit, he said when questioned about the potential acquisition. 10 . Total revenue at Splunk grew 19% from a year earlier, while Cisco's overall revenue in the most recent quarter increased 8%. Founded in 2003, the software solutions provider has a market capitalisation of $18.2 billion, according to Refinitiv Eikon data. And Kurian an Oracle veteran knows how to . Splunk's $1 billion cash windfall gets it access to some cheap capital -- at least cheap in the short-term. A spoksperson for Splunk cited its policy not to comment on rumors or speculation. You may cancel your subscription at anytime by calling Splunk Application Performance Monitoring, EX-101.SCH - XBRL TAXONOMY EXTENSION SCHEMA. Why This Splunk Shareholder Hopes It Doesn't Sell to Cisco Ciscos offer comes when Splunk is actively hunting for a new CEO following former president and CEO Doug Merritts departure in November 2021. Splunk's acquisition of Rocanas technology and intellectual property plus a number of Rocanas technical employees advances Splunk's market-leading machine data platform and machine learning capabilities. Customer success starts with data success. In that light, it's no wonder Cisco may see an opportunity to swoop in at this time of transition and uncertainty to take Splunk for itself. We would love to hear from you! Invest better with The Motley Fool. Gina Narcisi is a senior editor covering the networking and telecom markets for CRN.com. And over the past few years, Splunk has made a number of tuck-in acquisitions to enter into the hot observability space, which allows corporations to monitor the health of software applications, in addition to IT infrastructure. A data platform built for expansive data access, powerful analytics and automation, Cloud-powered insights for petabyte-scale data analytics across the hybrid cloud, Search, analysis and visualization for actionable insights from all of your data, Analytics-driven SIEM to quickly detect and respond to threats, Security orchestration, automation and response to supercharge your SOC, Instant visibility and accurate alerts for improved hybrid cloud performance, Full-fidelity tracing and always-on profiling to enhance app performance, AIOps, incident intelligence and full visibility to ensure service performance. But the advent of the cloud has shifted these needs away from legacy IT systems, and Splunk wasn't exactly ready for the change. Pundits speculate that Google parent Alphabet could acquire ServiceNow, Atlassian, Splunk or perhaps Zayo.. Top Stocks 2021: If you Only Buy One IOT Stock, It Better Be Splunk Statement of changes in beneficial ownership of securities. See why organizations trust Splunk to help keep their digital systems secure and reliable. Splunks acquisition of Metafor expands our capabilities in IT operations and security incident and event management (SIEM) by adding machine learning and anomaly detection to our solutions, which helps customers detect unknown and malicious threats. Nicholas Rossolillo owns shares of Dynatrace Holdings LLC and Splunk. Though the two companies didnt react to the rumors for a few days after they surfaced, Chuck Robbins, Ciscos chairman and CEO, confirmed the developments during its Q2 earnings call. So, headline revenue numbers may be misleading, giving the impression Splunk is lagging behind cloud-native upstarts such as Dynatraceand Datadog. . 2005 - 2023 Splunk Inc. All rights reserved. The Motley Fool has a disclosure policy. The two companies have an existing partnership in which Cisco uses Splunks analytics surface insights and inject more automation across its security, networking, wireless, data center and collaboration portfolios. Deals Rumor Mill: Splunk, Allied Universal, Worldline - Law360 The combination could create a security powerhouse that would combine Ciscos strength in network security with San Francisco-based Splunks strength in data-focused security operations. Splunk's software collects data logs and can give an enterprise added insight into operations, security, and application performance. 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. Cisco Systems' rumored acquisition offer for Splunk would create one of the largest cybersecurity vendors in the world.. Th ecompany serves four primary markets: wired infrastructure, wireless communications, enterprise storage, and industrial & others. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. Two Days Mattered Most. A 24/7 Wall St. analysis reveals that the largest merger deal of the past two decades was worth more than $128 billion. Ciscos market capitalization is $227 billion. Doug Merritt, Splunk's CEO for the past six years, stepped down in November. This is because of several transitions the company is undertaking at once. Splunk (SPLK -1.40%) has been a severe underperformer in the last year. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. SEC Filings | Splunk Inc. Ciscos Bold Move to Boost Cybersecurity M&As in 2022, Sapana Maheria, practice head of Thematic Research at GlobalData, believes that if the acquisition goes through, it will. Splunks acquisition of Plumbr enhances the auto-instrumentation, real user monitoring and deep application performance monitoring capabilities of Splunks Observability solutions. Splunk's acquisition of TwinWave extends our security leadership and adds capabilities to empower the security analyst with cloud-native, automated threat analysis for phishing and malware. Silver Lake obviously sees upside for Splunk stock and will collect a meager amount of interest along the way for its convertible debt stake in the company. Splunk Inc. is an American software company based in San Francisco, California, California, that produces software for searching, monitoring, and analyzing machine-generated data via a Web-style interface. To make the world smarter, happier, and richer. for both companies. Directly supervise a team of 15 global staff consisting of product, delivery . Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Splunk's acquisition of TruSTAR extends its leadership in security analytics through cloud-native threat intelligence integration and automation. 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. Still, it does not have currently have a . Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. A statement of beneficial ownership of common stock by certain persons. San Jose, Calif.-based Cisco did not respond to CRNs request for comment on the alleged deal by publication time. Our robust order strength, record backlog and double-digit growth in annual recurring revenue position us well to deliver growth, said Chuck Robbins, chair and CEO of Cisco. San Jose, CA-headquartered Cisco Systems, Inc. has reportedly offered $20 billion-plus to acquire data analytics giant Splunk. It has remained stable since at around $122 per share. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Splunks acquisition of Phantom Cyber adds security orchestration, automation and response to Splunks portfolio and extends automation capabilities to Splunk's customers in security and IT. Customer success starts with data success. Cisco, a leader in unified access security and multifactor authentication thanks to its 2018 $2.35 billion Duo Security buy, could be complimented by Splunks strength around security operations, which the company came by from its own 2018 acquisition of Phantom Cyber, a company specializing in security orchestration, automation and response capabilities. Deeply embedded in the largest companies and their technology systems, it would be a big undertaking to replace Splunk with a competitor. #2: Cisco-Splunk Acquisition Rumors - Channel Futures Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. We continue to see incredibly strong demand across our portfolio, emphasizing the criticality and relevance of Ciscos innovation. Though it's been beat down in the last year, Splunk operates as the leader in a growing industry and could be a real long-term value for those who can patiently wait out the inevitable bumps in the road. A deal may not happen at all, but if talks resume, Cisco could pay more than $20 billion for Splunk, one of the people said. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, Joe Biden Has Advocated Cutting Social Security Benefits 3 Times, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Broadcom Corp. Layoffs - TheLayoff.com Splunk to Acquire Plumbr and Rigor, Expanding the World's Most Cisco Sues Acacia Over Termination of $2.6B Merger Deal, Cisco Revamps Webex People Insights To Meet Hybrid Workplace Needs, Cisco Breaks Into CXaaS Market With Two Acquisitions, VMware and Cisco Continue To Battle for SD-WAN Supremacy. There's also Cisco's original move into observability with its $3.7 billion AppDynamics purchase in 2017, and its $1 billion ThousandEyes buy in 2020. If it . View our Privacy Policy for more information. Microsoft may acquire Mandiant, a cybersecurity firm Mobile World Congress Barcelona 2023 Delivers The 5Goods Splunk's software has gained popularity as a tool for spotting security threats. Additionally, cloud revenue has a lower gross margin than term software licenses, but that's generally made up for in higher growth. Cisco has sought to expand its security business while also selling data center networking equipment and Webex collaboration software. The report cited people familiar with the matter and did not say where the potential deal stands. At just under 10 times trailing-12-month sales, this cloud stock trades for a discount to its higher growth peers like Dynatrace and Datadog. Splunk has positioned itself as the leader in helping large enterprises manage and monitor their IT systems. The offer was made recently and the companies arent currently in active talks, some of the people said. Splunk Stock Lacks Momentum amid Insider Selling | Nasdaq Aruba, a Hewlett Packard Enterprise Company, AMD & Supermicro Performance Intensive Computing, Cisco Powers Hybrid Work With Private 5G, New Wi-Fi 6E And Catalyst Series. Trading Splunk Stock as M&A Buyers Circle - TheStreet Cisco Pivots to Software and Posts Solid Q2 Results - Futurum Research As a subscriber, you have 10 gift articles to give each month. A data platform built for expansive data access, powerful analytics and automation, Cloud-powered insights for petabyte-scale data analytics across the hybrid cloud, Search, analysis and visualization for actionable insights from all of your data, Analytics-driven SIEM to quickly detect and respond to threats, Security orchestration, automation and response to supercharge your SOC, Instant visibility and accurate alerts for improved hybrid cloud performance, Full-fidelity tracing and always-on profiling to enhance app performance, AIOps, incident intelligence and full visibility to ensure service performance. 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. TechCrunch. 11 Cloud Companies That Could Be Takeover Targets in - Business Insider Cisco and Splunk representatives declined to comment. Sapana Maheria, practice head of Thematic Research at GlobalData, believes that if the acquisition goes through, it will bode wellOpens a new window for further big-ticket mergers and acquisitions in the cybersecurity sector in the year ahead, especially in the behavioral analytics space. If you feel that youve landed on this page in error, please contact SDxCentral Support. Microsoft acquires SE or Capcom?It is rumored that there is no - iMedia Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. That would equate to a market cap of just over $25 billion. This allows me to propose solutions that help my clients. Is Responsible AI a Technology Issue or a Business Issue. Read the Wall Street Journal report here. Cost basis and return based on previous market day close. . The final billion-dollar deal (until we hear about Slack perhaps) is the $1.33 billion Vlocity acquisition earlier this year.