Cisco has completed its acquisition of Splunk, having received approval from the EU antitrust regulator.
With the purchase of Splunk safely past the EU watchdog’s inspection, Cisco believes it is now in a position to build "unparalleled" visibility and insights into its portfolio.
The US technology corporation Cisco previously agreed to acquire Splunk for $28BN in September last year.
Splunk’s platform powers security and observability solutions by processing data from the cloud, data centers, or third-party tools at scale.
The European Commission explained that Cisco’s acquisition of Splunk was not a threat to competitors:
The Commission concluded that the notified transaction would not raise competition concerns, given its limited impact on competition in the markets where the companies are active, as there is a sufficient number of alternative players.
The regulator also said that the newly combined organization would not be able to prevent rivals from competing for business.
Splunk ‘Supercharges’ Cisco
Cisco outlined the various ways in which Splunk will help to ‘supercharge’ its business for customers, partners, and developers.
Splunk, it says, will bring better security, observability, networking, AI, economics, as well as partner applications and solution packages.
Cisco’s security offering will be improved as it will be able to offer customers a comprehensive security solution for threat prevention, detection, investigation, and response using network, cloud, and endpoint traffic to provide "second-to-none" visibility.
It will also be able to offer a full-stack observability solution across multi-cloud hybrid environments.
