https://techmonitor.ai/technology/networks/cisco-splunk-cybersecurity-ai

Cisco is set to buy cybersecurity vendor Splunk in a deal worth $28bn. The blockbuster acquisition will see Cisco pay $157 per share in cash for Splunk, with the company's CEO Gary Steele set to join Cisco’s leadership team once the deal is completed.

Based in San Francisco, Splunk specialises in observability software, which can monitor and analyse large quantities of data to spot anomalies and potential security threats. It reported revenue of $3.65bn last year and says it has over 15,000 customers around the world.