Cisco’s Got Splunk, But SIEM Challenges Abound

Technology markets can move fast. Nothing demonstrates that better than today’s announcement that Cisco is buying Splunk in a $28 billion deal. First, rewind to 2020. Splunk was a leader in a market called security information and event management (SIEM) and its shares were flying high, hitting an all-time high. Two years later, in 2022, the company was struggling with a cloud transition, losing money, and its share price had been cut in half. That’s when it was rumored to be in talks with Cisco to be acquired. But the...