Cisco has announced plans to acquire India-based cloud solutions provider, Cmpute.io, as part of a broader push to bolster its cloud offering.
While incorporated in Delaware, United States, Cmpute.io has its operations based in Bangalore, India.
The Indian Amazon Web Services (AWS) advance technology partner, also known as 47Line Technologies, provides a software solution that analyses cloud-deployed workloads and consumption patterns.
The company’s technology also identifies cost-optimisation strategies workloads in the cloud, and is aimed at helping end users right-size their cloud workload instances, minimise overprovisioning, and avoid paying for resources that don’t deliver business value.
According to Cisco’s head of mergers and acquisition and venture investment team, Rob Salvagno, Cmpute.io’s team and technology will add new capabilities to Cisco’s CloudCenter and accelerate the delivery of its cost-optimisation features for customers.
“More and more businesses are moving workloads to private and public clouds -- and often to multiple public cloud providers -- in order to gain more flexibility and agility,” Salvagno said. “However, managing this multicloud environment can create complexity for IT and make it challenging to manage costs and uncontrolled consumption.
“To help our customers optimize the consumption of cloud resources in this more complex reality and control cloud spending, Cisco is announcing our intent to acquire Cmpute.io.
“With a multicloud strategy, customers need to budget, buy, and consume differently. Cmpute.io’s technology added to existing Cisco solutions will help our customers optimize their cloud consumption to ensure optimal business value,” he said.
The acquisition of Cmpute.io is expected to close in the second quarter of Cisco’s fiscal year 2018.
