Cisco Techniques Inc. must beef up its software program enterprise. There is no such thing as a higher time.
The Wall Road Journal reported late Friday that Cisco not too long ago made a proposal to amass safety and enterprise intelligence software program supplier Splunk for greater than $20 billion. The 2 corporations apparently aren’t in lively talks now, so it’s removed from assured {that a} deal will get accomplished. However that value would characterize a premium of a minimum of 10% to Splunk’s final closing worth, making it 3 times the dimensions of Cisco’s largest deal thus far. Splunk shares rose greater than 9% Monday, whereas Cisco’s slipped by greater than 1%.
