Cisco acquires Springpath for $320M, bolstering software-defined data center strategy

Cisco to buy Springpath for $320M-plus

Springpath and Cisco have a long history of working together to deliver hyperconverged infrastructure.

"We stayed connected with the team as they executed on this vision and in 2015 decided that Cisco Investments would lead Springpath's Series C financing round, coupled with a joint go-to-market agreement".

I am proud to share that today Cisco announced its intent to acquire Springpath, Inc., a leader in hyperconvergence software based in Sunnyvale, Calif.

In collaboration with Springpath, Cisco past year launched its HyperFlex platform for data-center customers.

Rob Salvagno, Cisco vice president of corporate business development, says of the latest acquistion: "This acquisition is a meaningful addition to our data centre portfolio and aligns with our overall transition to providing more software-centric solutions".

According to Cisco, Springpath's founders wanted to revolutionise the data centre through its innovative data platform.

The acquisition of Springpath is strategic to Cisco's data centre portfolio as it transitions to delivering software-centric solutions to its customers. Combining Springpath's distributed file system designed specifically for HCI with the industry-leading Cisco Unified Computing Systems platform resulted in the first deeply optimized hyperconverged solution for our customers. This acquisition will allow Cisco to continue to grow its computing business, enabling more customers to realize the benefits of simple and economic software-defined infrastructure.

The Springpath deal, which will cost Cisco $320 million in cash and assumed equity awards, is expected to close later this year.

After meeting customary closing conditions and clearing regulatory reviews, Cisco expects the acquisition to close by the end of October.

In March, Cisco acquired application and business performance monitoring software vendor AppDynamics for US$3.7 billion, followed by acquisitions of SD-Wan startup Viptela and MindMeld.



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