Cisco offered to take over Splunk for over $20 billion: report

Networking equipment maker Cisco Systems Inc has reportedly offered to acquire software maker Splunk Inc for more than $20 billion, The Wall Street Journal reported Friday.

The report, citing people familiar with the matter, also says the offer was made recently and the companies are not in active talks.

San Francisco-based Splunk had in November last year announced the resignation of its chief executive officer (CEO) Doug Merritt and the subsequent appointment of company chairman Graham Smith as interim CEO.

Meanwhile, Cisco and Rakuten Symphony have established a common go-to-market model with a common customer offering to help global service providers transform and modernize their network architecture.

According to a statement from Cisco, the two companies will combine their industry-leading technology portfolios, expertise and services to develop and deliver solutions for 4G/5G mobile networks based on Open RAN technology.

Cisco and Rakuten are already working together as premier Open RAN champions, delivering open networking solutions for RAN and creating the world’s first fully virtualized cloud-native network for Rakuten Mobile.

The companies on Thursday signed a memorandum of understanding to accelerate the delivery of cloud-native virtualized 4G/5G mobile networks based on Open Radio Access Network (ORAN) technology.

“Building on the success of Rakuten Mobile’s first innovative cloud-native network architecture, Rakuten Symphony and Cisco are joining forces to deliver solutions that will enable mobile operators to be more competitive in the cloud era. Together, the companies are addressing the need for massive industry transformation to reduce costs, improve agility, and meet future technical, regulatory, and environmental requirements for sustainability. the statement said.

“Enterprises have achieved many milestones over the past four years and are now applying best practices to develop software-defined solutions optimized for the competitive mobile environment, based on automated, agile, and high-performance infrastructure,” a- he added.

Notable components of the solutions include Cisco’s leading mobile, routing, switching, and automation portfolios, as well as Rakuten Symphony’s Open RAN, Orchestration, and Rakuten Symphony’s full suite of Symworld applications. The two companies plan to work together to validate and certify these solutions for service providers and deliver systems that work throughout the lifecycle, from design to deployment and operations.

“I am very happy to see the two organizations come together and combine their strengths. We believe our collaboration with Cisco will bring something quite unique in the industry by solving current industry challenges in deploying next generation networks. The principles of open architecture, cloud, virtualization and automation are essential elements of the new networks that operators will deploy in the near future,” said Tareq Amin, CEO of Rakuten Symphony. “Using Rakuten Symphony’s open interfaces, virtualization, cloud and automation, along with Cisco’s well-established network footprint and offering, will give telcos the ability to build and operate their networks much more efficiently.

“We have proven the benefits of an open, cloud-based, 5G-powered mobile network to transform how people connect to do more and get more from everything today,” said Jonathan Davidson, Executive Vice President and General Manager, Large Scale Infrastructure Group, Cisco. “With Rakuten Symphony, we have the unique opportunity to offer global service providers an alternative to legacy RAN, with a turnkey option to transform their networks to be more intuitive and automated to meet the needs of constant evolution of connectivity.

Rakuten Symphony provides convergence solutions for large-scale IT and telecom networks.