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Cisco Will Acquire Springpath for $320 Million

In hyperconvergence software

Cisco Systems, Inc. announced its intent to acquire Springpath, Inc., a Sunnyvale, CA-based company in hyperconvergence software.

Springpath has developed a distributed file system purpose-built for hyperconvergence that enables server-based storage systems.

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

The acquisition is the culmination of a long-standing strategic relationship between Cisco and Springpath. The companies have worked together since early 2016 to launch HyperFlex, a fully integrated hyperconverged infrastructure system.

Since then, they have aligned on product development and go-to-market strategies. 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.

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 VP, 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.”

Cisco will acquire Springpath for $320 million in cash and assumed equity awards, plus additional retention-based incentives.

The acquisition is expected to close in Cisco’s first quarter of fiscal year 2018, following customary closing conditions and regulatory review.

Learn more:
Read the blog about the Springpath acquisition from Cisco’s Head of Corporate Development
Read Liz Centoni’s blog on Taking a Leap Forward” in Hyperconvergence

Read also:
Start-Up Profile: Springpath
Yet another vendor in software-defined storage
2015.02.25 | Press Release

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