Monday, August 21, 2017

Cisco to acquire Springpath for hyperconvergence software - $320m

Cisco agreed to acquire Springpath, a start-up specializing in hyperconvergence software for $320 million in cash and assumed equity awards.

Springpath, which is based in Sunnyvale, California, has developed a distributed file system purpose-built for hyperconvergence that enables server-based storage systems. Cisco and Springpath have worked together since early 2016 to launch HyperFlex, a fully integrated hyperconverged infrastructure system.

Cisco said the acquisition will allow it to continue to deliver next-generation data center innovation to its customers.

"This acquisition is a meaningful addition to our data center portfolio and aligns with our overall transition to providing more software-centric solutions," said Rob Salvagno, Cisco vice president, Corporate Business Development. "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 center innovation."

http://www.springpath.com
http://www.cisco.com

  • Springpath was co-founded by Mallik Mahalingam and Krishna Yadappanavar, both whom previously held senior engineering roles at VMware.

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