Story image

Cisco to acquire hyperconverged software vendor Springpath in US$320m deal

22 Aug 17

Cisco has announced its plans to acquire hyperconvergence software company Springpath in a US$320 million deal in a move Cisco says will enable it to bolster its data centre portfolio.

Springpath developed a distributed file system for hyperconvergence which enables server-based storage systems.

Cisco and Springpath have worked together since early last year to launch the Hyperflex integrated hyperconverged infrastructure system.

“This acquisition will allow Cisco to continue to grow its computing business, enabling more customers to realise the benefits of simple and economic software-defined infrastructure,” Cisco says.

The acquisition comes as Cisco, best known for its networking and data centre hardware, continues its shift to selling software and services.

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. It also snapped up advanced analytics technology and the advanced analytics team from Saggezza and last year it bought cloud-based internet of things service platform Jasper for $1.4 billion.

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.”

“Springpath’s file system technology was built specifically for hyperconvergence, which we believe will deliver sustainable differentiation in this fast growing segment.

“I’m excited to be able to provide our customers and partners with the simplicity and agility they need in data centre innovation.”

The deal is expected to close in Cisco’s first quarter of financial 2018 subject to customary closing conditions and regulatory review.

Is self-service BI living up to the hype?
the explosion of data available to a business and self-service BI tools is transforming how everyone works - but is self-service living up to expectations?
What the people say - Gartner’s November Customers’ Choices
A roundup of the latest Gartner Peer Insight Customers’ Choices from Backup and Recovery to Business Intelligence and Analytics, and more.
BlackBerry buys out cybersecurity AI firm Cylance
“We are eager to leverage BlackBerry’s mobility and security strengths to adapt our advanced AI technology to deliver a single platform.”
Five secrets – Workday’s 2019 winning formulas
We thoroughly investigate why business software vendor Workday believes 2019 will be their best year yet.
Exclusive: Strengths and limitations of the AWS/Cisco partnership
Iguazio CEO Yaron Haviv discusses whether the partnership really is a 'match made in heaven' and what it means for the industry.
Google Cloud CEO stepping down to welcome ex-Oracle exec
Google Cloud has grown significantly under Greene's tenure, but has involved tens of billions of dollars and little gains on AWS and Azure.
Talend and Databricks partner for scalable data solution
The strategic partnership combines unified analytics and data management in the cloud.
Video conferencing in dire need of simplification, study shows
A Forrester study shows that 84% of companies are using two or more cloud-based video conferencing apps.