I’d love to know who led the proposal to the executive team that an offer to buyout Splunk now is a good idea. 🤯
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Cisco wants to acquire a company for $20B, if this happens, which as an EPS of -18. Which means they are already losing money on whatever they are earning to run their company. Cisco will waste $20B on this acquisition but hey what do we know. There is someone out there in Cisco, may be Liz Chuck's Bevy - who has an extraordinary background in SW acquisitions, who will get more richer with this acquisition.
These people make offers without any logic in Cisco. If Logic existed, Cisco would have got ridden of useless Cisco execs by now including Chucky, Toddy, Gerri, Lizzy, Security Lady forgot her name and many more, infact tons more. Cisco = UNICEF, everyone is working for a cause, collecting money and no one is getting to the outcome while supporting social, political and every other agenda.
A ton of us begged them to buy Splunk 5 years ago. They should have listened and paid 1/2 the price we're paying now!
Why splunk when Cisco has Appdynamics which is much better than splunk ? $20billion ? Don’t burn the left over cash. Shareholders and employees need to stop this madness !!
@ueselessbanter That’s hilarious, Cisco acquire AWS. That would be a great way to get some of the talent lost back 🤣 We laugh at Cisco quite frankly, any deal we have together…Cisco finds a way to sc--w it up by not doing what’s right for the customer. #customerobsession
how about acquiring elasticsearch or even AWS, while they are at it? Half of cisco is migrating to the AWS cloud anyway and they dont seem to be buying from us. Acquiring AWS would solve a lot of problems for cisco ! :)
Not in active talks == pump and dump for Splunk shares. Get out before it tanks.
The declining revenues and increase in cost of doing business within both Cisco and Splunk makes no economic sense; the merger will bankrupt both companies. Regardless of technical fit or not. Unless Splunk value goes into free fall and they can be picked up for 5bn.. then it might work.
What's the operating cost of Cisco? Isn't it like $30bn to run the entire company for 12 months?
I don't see this happening. Money better spent elsewhere imo
Glad it sounds like this is not active, would have been a terrible way to spend $20B. More legacy software with no coherent way to tie into future visions.
I like Splunk but fear if Cisco does buy it, it will get destroyed by Cisco's incompetent leadership. Not to mention that all RSUs for that year would be reserved for Splunk employees being converted and very little left for Cisco's remaining worker bees.
At least we know one thing for sure, Cisco will need to make room for the new headcount.
I don't know if the Cisco acquisition of Splunk would be a good thing or a bad thing. My team has it's own local Splunk instance where we forward many logs and have alerting setup and it's a great product. However, its documentation around installing it, separating the indexing from the search head is terrible, at best. It would be hard to make it worse, but Cisco documentation isn't known to be all that great either.
Cisco has started requiring application owners to forward application logs like access logs, what was accessed, etc. to a centralized Splunk indexer for monitoring by users and InfoSec, but we can't forward all the logs we currently need, so we end up with duplication of logging in two places. This is stupid because Splunk licenses are based on the volume of logs indexed on a daily basis, so we're paying for data volume twice.
Hopefully, if we acquire it, we can use it for free internally. :-)
And get better support for installing it in an optimal fashion based on the number of clients, how much data is forwarded for indexing and how many searches we're doing on that data. My current Splunk instance is both the Search Head and the Indexer and it's fairly slow.
LOL $20 billion for Splunk?!! Where is that gif of Michael Jackson with the bag of popcorn...
I'm sure it was Liz Centoni. You know, she has so much experience in acquiring software companies... ;^)
Better not be another Scientific Atlanta
Desperate for software revenues. Splunk is also going through the on premises to cloud shift. At least Splunk seem to be able to renew and migrate their user base. That’s not so simple with Cisco DNA.
Splunk customers already feel that splunk is premium priced— imagine the distortion pricing Cisco would slap on it when they “integrate” it to the Appd/ thousandeye suite.