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splunk acquisition rumors 2020

splunk acquisition rumors 2020

Splunk has acquired 14 companies, including 8 in the last 5 years.. Splunk's largest acquisition to date was in 2019, when it acquired SignalFx for $1.1B. Ciscos market capitalization is $227 billion. Doug Merritt, Splunk's CEO for the past six years, stepped down in November. The site owner may have set restrictions that prevent you from accessing the site. a 17% rise in net income and a 6% rise in revenue in Q2 2022 against Q2 2021. 5. 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. Report of unscheduled material events or corporate event, A statement of beneficial ownership of common stock by certain persons. However, a handful of major players, particularly in tech, have continued to expand through mergers and acquisitions. But the advent of the cloud has shifted these needs away from legacy IT systems, and Splunk wasn't exactly ready for the change. A 24/7 Wall St. analysis reveals that the largest merger deal of the past two decades was worth more than $128 billion. Two Days Mattered Most. The stock fell 18% on Nov. 15, after the company said CEO Doug Merritt, who had been running the company for six years, would be stepping down immediately. Splunk experts provide clear and actionable guidance. It's had to adapt its suite of services and the way it bills customers for this new cloud era. The ongoing business model transition and growing competition at Splunk could present additional challenges for Cisco if they pursued this acquisition. Splunk makes acquisitions that are aligned with our business strategy and enable us to expand our product portfolio, address a broader set of customer challenges, and enhance our market leadership position as the platform for turning data into action. 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. San Jose, CA-headquartered Cisco Systems, Inc. has reportedly offered $20 billion-plus to acquire data analytics giant Splunk. IDC forecasts data creation and replication will grow at a 23% annualized growth rate from 2020 to 2025, and that acts as a powerful tailwind for the industry. This is because of several transitions the company is undertaking at once. Statement of changes in beneficial ownership of securities. Cisco and Splunk representatives declined to comment. We've been tracking company news on mergers and acquisitions since 1999. My core competency is finding out people's issues in business. Read focused primers on disruptive technology topics. 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 . Splunks acquisition of SignalFx adds real-time monitoring and metrics for cloud infrastructure, microservices and applications, enhancing Splunks position as a leader in observability and APM. Senior Assistant Editor, Spiceworks Ziff Davis, Ciscos $20 billion acquisition offer, which is $13 billion more than its highest acquisition ever, comes after the company. Cisco has long grown its business through acquisitions and in 2020 it bought networking monitoring company ThousandEyes for about $1 billion. 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. 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. 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. Announcement Date: 6/6/2019. She, however, added a word of caution. Performance & Tracking Cookies - We use our own and 3rd party analytics and targeting cookies to collect and process certain analytics data, including to compile statistics and analytics about your use of and interaction with the Site along with other Site traffic, usage, and trend data which is then used to target relevant content and ads on the Site. Learn how we support change for customers and communities. Microsoft CEO Satya Nadella has been going on a major shopping spree. It's obviously a nice thing when someone is interested in your stock, but as a recent Splunk shareholder, I'm hoping the company doesn't sell, if the offer is in fact close to $20 billion. *Average returns of all recommendations since inception. Opting out of these cookies may impact some minor site functions. Head over to the Spiceworks Community to find answers. Even though its cloud revenues zoomed 77% in the year, its overall revenue was down 5% year-over-year, and its operating cash flow was negative $191 million with free cash flow of negative $228 million. The acquisition by Cisco could provide much-needed breathing space for the company to invest heavily in cloud, IT security, and data observability platforms and digital transformation initiatives in the year ahead. Alex Murdaugh Receives Life Sentence: What Happens Now? Accelerate value with our powerful partner ecosystem. 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. You can see Splunk's revenue took a dip in 2020 as it went through the trough of this transition. 3rd Party Cookie de-Personalization - We configure 3rd party analytics cookies to anonymize IP address and 3rd party targeting cookies to only set non-personalized information in these cookies to respect your privacy. The report cited people familiar with the matter and did not say where the potential deal stands. Th ecompany serves four primary markets: wired infrastructure, wireless communications, enterprise storage, and industrial & others. Already a member? Cisco has sought to expand its security business while also selling data center networking equipment and Webex collaboration software. Just to provide a sense of the activity, Cisco conducted nine acquisitions in 2020, six in 2021, and has conducted one YTD in 2022. 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. Pekka Lundmark, Nokia Brand Reveal, Mobile World Congress Barcelona 2023. Statement of changes in beneficial ownership of securities. A rumored Mandiant acquisition discussion may hint at Microsoft's 2022 kickoff to major cybersecurity firm buys. The initial conversion price is $160 per share. eric kocher generation kill; blue shield of northeastern ny claims address; alycia debnam carey siblings; cauliflower jalapeno nobu; At the time of the announced deal, that was some 30% above where Splunk stock was trading, although shares jumped nearly 10% higher on the news. We want to hear from you. Cisco is reportedly eyeing a Splunk acquisition. It will also affirm Ciscos projected dominance in the sector in the years ahead. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Every sell-side analyst on Wall Street has a higher price target than . , which broke the news on February 11, the two companies havent gotten around to discussing the acquisition yet. Dropbox is a 9.3 billion market cap company. 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. The offer exceeds Splunks current market capitalization by $2 billion, but reports indicate the two companies havent discussed it yet. Here are 12 other startups analysts say it could buy to fend off competitors. Additionally, cloud revenue has a lower gross margin than term software licenses, but that's generally made up for in higher growth. 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. Such a deal would be the largest ever for Cisco . 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. Splunk shares rose as much as 14% in extended trading after a report about an acquisition offer from Cisco. In November last year, San Francisco-based Splunk announced Doug Merritt has stepped down as its chief executive officer (CEO) and that the company's chair, Graham Smith, would be the interim CEO. To make the world smarter, happier, and richer. [Related: Cisco Powers Hybrid Work With Private 5G, New Wi-Fi 6E And Catalyst Series]. See here for a complete list of exchanges and delays. We are delighted that you'd like to resume your subscription. Access timely security research and guidance. Plan your migration with helpful Splunk resources. Opinion: Yes, Theres a Housing Crisis. Visit ESPN to view the Cincinnati Reds team transactions for the current and previous seasons 2005 - 2023 Splunk Inc. All rights reserved. Splunks acquisition of VictorOps adds collaborative incident management capabilities to Splunks portfolio and creates an analytics-driven Platform of Engagement for DevOps and IT customers to better prevent and resolve incidents. SDxCentral employs cookies to improve your experience on our site, to analyze traffic and performance, and to serve personalized content and advertising relevant to your professional interests. Cisco Systems has held acquisition talks with Splunk, whose software mines data for insights, including security threats. Reporting by Jahnavi Nidumolu and Juby Babu in Bengaluru; Editing by Leslie Adler, Richard Chang and Sandra Maler, Exclusive: Nvidia's plans for sales to Huawei imperiled if U.S. tightens Huawei curbs-draft, Mexico can't match U.S. incentives for proposed Tesla battery plant, minister says, Taiwan's TSMC to recruit 6,000 engineers in 2023, US prepares new rules on investment in technology abroad- WSJ, Exclusive news, data and analytics for financial market professionals. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. splunk acquisition rumors 2020; joaquin niemann sponsors. Splunk's $1 billion cash windfall gets it access to some cheap capital -- at least cheap in the short-term. 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. 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. As of this writing, shares are down nearly 30% over the last 12-month stretch compared to a 36% run for the S&P 500. Splunk . That compares with a $114 share price at the end of trading Friday and $127.45 after hours. Shares of Splunk have fallen 49% since reaching a record in September 2020. His clients may own shares of the companies mentioned. With the Acquisition Bode Well for Cisco? According to Futurum Research, the deal would be a good fitOpens a new window for both companies. Cisco Systems' rumored acquisition offer for Splunk would create one of the largest cybersecurity vendors in the world.. Splunk's software collects data logs and can give an enterprise added insight into operations, security, and application performance. Alphabet certainly has the war chest for such deals. Splunk's software has gained popularity as a tool for spotting security threats. These two acquisitions formed the basis . The data log management and monitoring software leader has also trailed behind its smaller higher-growth and cloud-native peers as it adapts its business to more modern customer needs. While Meraki, Sourcefire, OpenDNS, Acacia have been well-executed acquisitions, AppDynamics has stood out as a pure-play software acquisition that has not performed well (with AppDynamics revenue down Y/Y in some recent quarters). Cisco Has Discussed Deal for Software Company Splunk. Splunk, whose stock price has fallen by 30 percent since its chief executive, Doug Merritt, unexpectedly stepped down in November, has a market capitalization of around $18 billion. The reported deal would be the largest price tag for Cisco, which is no stranger to technology acquisitions. You will be notified in advance of any changes in rate or terms. That certainly indicates the new cloud offerings are very successful with customers. acquisition-related adjustments, amortization of intangible assets and . Splunk The $19.67 billion data-analytics company Splunk has had its ups and downs. 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. Cloudmeter. For many organizations, 2020 has been a year of cutting costs and staying afloat amid a turbulent market. 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. The top source for up-to-the-minute company Merger News. 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. 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. 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. Investment advisory firm The Motley Fool said the acquisition would make a lot of strategic sense for Cisco, which has aimed to move beyond its historical emphasis on hardware to incorporate more software and services offerings.. Splunk (SPLK -1.40%) has been a severe underperformer in the last year. They said I didn't meet their bar for principal but P4-high. We are constantly evaluating potential opportunities. 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. Even though its cloud revenues zoomed 77% in the year, its overall revenue was down 5% year-over-year, and its operating cash flow was negative $191 million with free cash flow of negative $228 million. The acquisition by Cisco could provide much-needed breathing space for the company to invest heavily in cloud, IT security, and data observability platforms and digital transformation initiatives in the year ahead. Robbins also cited the company's policy not to comment on rumors or speculation regarding the reported Splunk acquisition. Watch: Retired Army Col. Paris Davis Awarded Medal of Honor, Why Barnes & Noble Is Copying Local Bookstores It Once Threatened, What Floridas Dying Oranges Tell Us About How Commodity Markets Work. Not surprisingly, when asked about the rumored acquisition during the earnings call, Robbins was coy, refusing to comment on the rumors and providing no hints in either his comments or . Splunk has acquired in 4 different US states, and 3 countries. 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. Splunks stock price fell 20% over a six-month period, and the company. Deliver the innovative and seamless experiences your customers expect. Build resilience to meet todays unpredictable business challenges. The notes have an annual interest rate of just 0.75% per year payable to Silver Lake, and they mature in July 2026 if they haven't been repurchased or redeemed by then. Pundits speculate that Google parent Alphabet could acquire ServiceNow, Atlassian, Splunk or perhaps Zayo.. Founded in 2003, it was an early mover in the data analytics space, even before cloud computing came into being. Company Location: U.K. Press Release: 1/30/2020 Xerox Acquires Arena Group, Expands Presence in European SMB Market. A Division of NBCUniversal. It has remained stable since at around $122 per share. Do you still have questions? The Google parent had more than $100 billion in cash on hand and short-term investments as of September 2018, according to YCharts. Precept is a leading multimedia networking software company. Cisco has offered to buy business analytics provider Splunk, private equity-backed private security giant Allied Universal could be taken public in a $20 billion, three-way SPAC merger, and Apollo . However, Splunks investors reacted positively to the news, with the companys stock price jumping 9% on the morning of February 14. See here for a complete list of exchanges and delays. Directly supervise a team of 15 global staff consisting of product, delivery . Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Its chief executive, Chuck Robbins, told analysts in December that Cisco would continue to look for acquisitions in security. You can manage your preferences at any time. And cloud-based annualized recurring revenue grew 75%, with a cloud-based net retention rate of 130%. Ciscos acquisition offer shows us that cybersecurity will continue to be a key driver of mergers and acquisitions (M&A) in 2022. Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. Splunk said it does not comment on rumors or speculation. 3. Splunk jumped up 16 percent post-market on reports of the takeover bid. We use cookies to ensure you get the best experience on our website. The analyst believes Cloudera shareholders are getting a good deal with the private equity buyout."We note CLDR has been the target of acquisition rumors since mid-2020, and thus we view the . "We have been . While the revenue has been growing consistently, it has not grown at especially remarkable rates. He said mergers such as Invesco's 2019 acquisition of OppenheimerFunds, Janus's 2017 deal with Henderson, and even 2020 Franklin Templeton's merger with Legg . Its past deals include Acacia, a maker of optical network components; Luxtera, a semiconductor company; and ThousandEyes, a cloud intelligence company. Silver Lake's investment is via convertible notes, debt that can be turned into new stock later on. See why organizations trust Splunk to help keep their digital systems secure and reliable. The positive reaction from investors has some logic to it. See why organizations trust Splunk to help keep their digital systems secure and reliable. Across 2020, Splunk's cloud business represented nearly half of the company's software bookings, enabling organizations to migrate workloads and applications to the cloud, manage colossal spikes in data volume or increase visibility into cloud security risks. In June, the private-equity firm Silver Lake invested $1 billion in Splunk to help with that transition. Oct 20, 2020 . Companies Contacts Investors Funding Rounds Acquisitions People Events Schools Hubs Saved . Technology has been a hotbed of mergers and acquisitions activity over the past year, as soaring stock prices have left companies flush with cash. . The Wall Street Journal reported the potential deal earlier on Friday. So, headline revenue numbers may be misleading, giving the impression Splunk is lagging behind cloud-native upstarts such as Dynatraceand Datadog. The offer was made recently and the companies arent currently in active talks, some of the people said. Still, it does not have currently have a . 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. Learn More. In fact, many large companies use multiple vendors for internal data analytics. I think Splunk is a very lucrative acquisition target for several major players including . 2020 - 20211 year. These are the highest quality stocks in the S&P 500 that could win in this volatile market, This growth ETF is leaving one of its top competitors in the dust. Cisco did not immediately respond to a request for comment, while a spokesperson for Splunk said the company did not comment on rumors or speculation. However, an ability to package Splunks leading Security analytics and ITOM solutions with other security offerings, further optimize distribution and pricing, could present very interesting potential M&A synergies for Cisco, Marshall added. Will Townsend. List of Splunk 's 16 Acquisitions, including TwinWave and TruSTAR. San Jose, CA-headquartered Cisco Systems, Inc. has reportedly offered $20 billion-plus to acquire data analytics giant Splunk. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. As a shareholder, I'm certainly hoping Splunk holds out for a higher price. You do not have access to www.sdxcentral.com. Transform your business in the cloud with Splunk. And Kurian an Oracle veteran knows how to . Splunk Application Performance Monitoring, EX-101.SCH - XBRL TAXONOMY EXTENSION SCHEMA. Cisco's offer comes when Splunk is actively hunting for a new CEO following . Craig Galbraith. The board named Chairman Graham Smith as interim CEO and kicked off a search for a permanent replacement. A spoksperson for Splunk cited its policy not to comment on rumors or speculation. 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. In any case, the reporting suggested the offer was more than $20 billion. Nicholas Rossolillo owns shares of Dynatrace Holdings LLC and Splunk. Dropbox revenue for the twelve trailing months ending September 30, 2020 was $1.856B, a 16.63% increase year-over-year. According to The Wall Street Journal, which broke the news on February 11, the two companies havent gotten around to discussing the acquisition yet. We continue to see incredibly strong demand across our portfolio, emphasizing the criticality and relevance of Ciscos innovation. Build resilience to meet todays unpredictable business challenges. 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. This cloud transformation also caused Splunk to dip into negative free cash flow territory, and it only just returned to positive free cash flow in Q1 2022 (to $66.7 million). 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. 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. Splunks acquisition of KryptonCloud expands Splunks ability to innovate for IoT use cases with our market-leading machine data platform. The notes only bear an interest rate of 0.75%, but convert to equity at $160 per share. Discover what Splunk is doing to bridge the data divide. Will the acquisition of Splunk change things? Let us know if you enjoyed reading this news on LinkedInOpens a new window , TwitterOpens a new window , or FacebookOpens a new window . 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. At this price, it appears Cisco would be getting a steal, unless the price winds up being a lot higher than the $20 billion reported. for further big-ticket mergers and acquisitions in the cybersecurity sector in the year ahead, especially in the behavioral analytics space. 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. Prior to joining CRN, she covered the networking, unified communications and cloud space for TechTarget. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. . mutant fly stardew valley; nba waterboy salary per hour near new jersey; wimbledon draw 2022 wiki; london classical concerts 2022; beadnell camping pods That would equate to a market cap of just over $25 billion. The Silicon Valley-based tech investor recently plopped $1 billion down on Splunk, a significant cash infusion given Splunk's current enterprise value sits at $23 billion. Is this the software value stock for you too? Cisco is using acquisitions to help it grow . All Rights Reserved. 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. Read the Wall Street Journal report here. From 2008 to 2010, Mitra . Finally, Splunk attracted tech-focused private equity firm Silver Lake last summer, which invested $1 billion in Splunk in the form of convertible preferred stock in June 2021. 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. $ + tax 2005 - 2023 Splunk Inc. All rights reserved. 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. Before that, he spent more than 11 years as an anchor, reporter and managing editor in television newsrooms in North Dakota and Washington state. for both companies. See why organizations around the world trust Splunk. About Broadcom Corp.: Broadcom Inc. (old name: Avago Technologies) is a maker of products based on analog and digital semiconductor technologies. According to The Wall Street Journal, Cisco (Nasdaq: CSCO) has made a "takeover offer" of more than $20 billion for Splunk, a software maker. Sep 12, 2021. However, now it's coming through the other end of it: Even though Splunk is now past the bottom of the transition, revenue growth according to generally accepted accounting principles (GAAP) is still lagging behind the real recurring top line the company is taking in. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. If it . 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. Splunk (SPLK) Q4 2023 Earnings Call Transcript, The Nasdaq Could Soar in 2023 -- 5 Stocks Down 57% to 91% to Buy Before It Does, Why Splunk Shares Gained 10.8% Last Month, 1 Monster Growth Stock to Buy Hand Over Fist, According to Wall Street, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? The final billion-dollar deal (until we hear about Slack perhaps) is the $1.33 billion Vlocity acquisition earlier this year. Aug 22, 2019 . Anyone can read what you share. Frisco, Texas, United States. Alex Murdaughs Trial Lasted Six Weeks. Making the world smarter, happier, and richer. 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. 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. Silver Lake thus isn't the only investor in line to convert debt into new stock, and this isn't the cleanest balance sheet in the software industry at the moment. According to Futurum Research, the deal would be. In the most recent quarter, revenue growth came in at 19%, but ARR grew 37%. Statement of changes in beneficial ownership of securities. Ciscos planned acquisition of Splunk has received favorable reactions from industry analysts. 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. According to a follow-up report from Bloomberg, talks between the companies broke down in recent weeks. 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. But there's still lots of work to be done on the cloud business. See why organizations around the world trust Splunk. Cisco is known as a serial acquirer, effectively using acquisitions as a complement to research and development.

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