Cisco significantly bolsters security portfolio with $28B Splunk buy

Looking to significantly reinforce its security software portfolio, Cisco has struck a $28 billion cash deal to acquire enterprise and cloud protection company Splunk.

Founded in 2003, Splunk’s software platform is known for its wide-reaching ability to search, monitor and analyze data from a variety of systems. Network security teams can use this information to gain better visibility into and gather insights about network traffic, firewalls, systems, from on premise and or its cloud-based package, according to Splunk.

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