Bloomberg Talks
Cisco CEO Chuck Robbins, Former Splunk CEO Gary Steele Talk Cisco/Splunk Deal
Mar 18, 2024
Cisco completed the acquisition of Splunk, providing insights on the deal from CEOs Chuck Robbins and Gary Steele. They discuss the lack of product overlap, integration strategies, and the shift towards software-based revenue models in cybersecurity. The collaboration focuses on utilizing AI technology to combat cyber threats and the importance of cultural alignment for success.
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Quick takeaways
- The Cisco-Splunk deal aims to provide unparalleled visibility and insights across an organization's digital footprint.
- Thorough planning and cultural alignment were key factors in the successful execution of the Cisco-Splunk acquisition, promising enhanced value delivery to customers.
Deep dives
Cisco's Acquisition of Splunk and AI Revolution
Cisco's completion of the $28 billion acquisition of Splunk marks a significant milestone in merging their capabilities to advance the AI revolution, particularly in areas like observability and cybersecurity. With a focus on revenue synergies rather than cost reductions, the integration aims to enhance real-time analytics and detection response for customers, leveraging both companies' strengths in AI technology.
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