San Francisco Aug 22 (IANS) In a bid to deliver next-generation data centre innovation to its customers global networking company Cisco has acquired California-based hyperconvergence software leader Springpath in an all-cash deal of $320 million.
Springpath has developed a distributed file system purpose-built for hyperconvergence that enables server-based storage systems.
The two companies have worked together since early 2016 to launch HyperFlex the industry s first fully integrated hyperconverged infrastructure system.
"This acquisition is a meaningful addition to our data centre portfolio and aligns with our overall transition to providing more software-centric solutions " said Rob Salvagno Cisco Vice President Corporate Business Development.
The acquisition is expected to close in Cisco s first quarter of fiscal year 2018.
"Springpath s file system technology was built specifically for hyperconvergence which we believe will deliver sustainable differentiation in this fast-growing segment " Salvagno added.
The acquisition of Springpath is strategic to Cisco s data centre portfolio as it transitions to delivering software-centric solutions to its customers.
--IANS
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