Cisco Systems has put down a takeover offer for Splunk worth more than $20 billion, according to a Friday evening report published by The Wall Street Journal.
The reported deal would be the largest price tag for Cisco, which is no stranger to technology acquisitions. The combination could create a security powerhouse that would combine Cisco’s strength in network security with San Francisco-based Splunk’s strength in data-focused security operations.
San Jose, Calif.-based Cisco did not respond to CRN’s request for comment on the alleged deal by publication time. A spoksperson for Splunk cited its policy not to comment on rumors