The 10 Biggest Cisco News Stories Of 2022
The biggest news for the tech behemoth in 2022 included executive moves, layoffs and real estate rebalancing plans, supply chain challenges, and the company furthering its XaaS strategy.
3. Cisco Reportedly Interested In Buying Splunk For More Than $20B
In what would have be a monster acquisition for the tech giant, Cisco in February reportedly put down a takeover offer for Splunk worth more than $20 billion, the Wall Street Journal reported at the time.
The reported deal would be the largest price tag that Cisco has ever paid for company. A Cisco-Splunk tie-up would combine Cisco’s strength in network security with San Francisco-based Splunk’s strength in data-focused security operations. If the deal went through, it would close gaps in Cisco’s security portfolio and complement its growing observability business, solution providers told CRN in February.
Robbins, for is part, addressed the reports regarding a proposed deal with Splunk during the company’s earnings call later that month.
“We are always disciplined and continue to focus on organic and inorganic opportunities … You should expect us to continue to be very disciplined as we move forward,” Robbins said at the time. “We are constantly evaluating potential opportunities. For every deal we do, we probably look at 10-15 companies. We base our decisions on strategic fit, cultural fit, and equally as important, the financial and evaluation fit.”
The reported deal, however, never panned out for either company and Splunk, founded in 2003, remains an independent company.