Cisco and Splunk, the cybersecurity and observability leader, announced a definitive agreement under which Cisco intends to acquire Splunk for $157 per share in cash, representing approximately $28 billion in equity value. Upon close of the acquisition, Splunk President and CEO Gary Steele will join Cisco’s Executive Leadership Team reporting to Chair and CEO Chuck Robbins, a statement said. The acquisition builds…
Tag: Splunk
Edge Delta Raises $15 Million Series A Funding
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•Edge Delta, which analyzes data using distributed stream processing and federated machine learning, has announced a $15-million Series A round led by Menlo Ventures and Tim Tully, the former CTO of Splunk. Previous investors, MaC Venture Capital and Amity Ventures, are participating as well. “Five years ago, data volumes were smaller, and it was no…