12/11/2023 0 Comments Splunk inc. acquiresCisco’s acquisition of Splunk means a turning point in the SIEM market. Many concerns have arisen from previous Cisco acquisitions, which suffered from inadequate investment and a lack of focus, potentially affecting the quality of the SIEM (Security Information and Event Management) services on which security leaders rely. The impact on security information and event management (SIEM) market ![]() Cisco has been building its ‘End-to-End Security’ business for over a decade both via organic investments and acquisitions, including Sourcefire, ThreatGRID, OpenDNS, CloudLock, Observable Networks, Kenna Security, and Lightspin. The acquisition of Splunk will allow Cisco to rapidly strengthen its competitive landscape, especially in the cybersecurity market where it expects to gain a critical advantage by acquiring the leading security analytics platform in the market along with a loyal customer base. Its technology will allow clients to monitor and analyse data to reduce hacking risk and will accelerate the resolution of technical issues. The company has a strong presence in cybersecurity, application monitoring, and business analytics and its strengths lie in harnessing data and AI capabilities for hybrid environments to deliver stronger cybersecurity solutions for clients. Splunk’s strength in security information and event management means that it will effectively enhance Cisco’s XDR (extended detection and response) to offer compelling AI end-to-end security and other cybersecurity capabilities, optimizing IT infrastructure and bringing an observability solution to the marketplace. What will this deal bring to the Cisco table? ![]() It has been attempting to diversify its revenue streams by investing in software and services, particularly security and collaboration. This business segment has also suffered supply chain disruption and a post-pandemic slump. Cisco’s dependency on its legacy hardware equipment sales means that it still accounts for the majority of revenues but is a lower growth and margin business than software.
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