Story image

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

22 Aug 2017

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.

Microsoft urges organisations to tackle data blindspots
Despite significant focus placed on CX transformation, over a third of Australian organisations claimed that more than one in five of their projects failed.
Raising the stakes: McAfee’s predictions for cybersecurity
Security teams and solutions will have to contend with synergistic threats, increasingly backed by artificial intelligence to avoid detection.
Renesas develops 28nm MCU with virtualisation-assisted functions
The MCU features four 600 megahertz CPUs with a lock-step mechanism and a large 16 MB flash memory capacity.
DOCOMO ranked world's top mobile operator in 5G SEP applications
NTT DOCOMO has been ranked the world's leading mobile operator in terms of applications for candidate standard-essential patents.
Exclusive: Ping Identity on security risk mitigation
“Effective security controls are measured and defined by the direct mitigation of inherent and residual risk.”
CylancePROTECT now available on AWS Marketplace
Customers now have access to CylancePROTECT for AI-driven protection across all Windows, Mac, and Linux (including Amazon Linux) instances.
Gartner’s top 10 data and analytics trends for 2019
Data is the fuel for the modern world, and analytics the engine. Gartner has compiled the top 10 trends to watch this year.
How CIOs can work with colleagues to drive new competitive advantages
"If recent history has taught us anything, it’s that the role of the CIO is always changing, and that it won’t stop changing anytime soon."