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Cisco Announces Intent to Acquire Springpath for USD320 Million in cash 2017.08.26

San Jose, Calif., USA - August 21, 2017 - Cisco (NASDAQ:CSCO) announced today its intent to acquire Springpath, Inc., a Sunnyvale-based leader 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.

At Cisco, we are proud that over 4,000 customers have chosen Cisco Application Centric Infrastructure (ACI), the industry’s #1 Software Defined Networking (SDN) solution, to increase operational efficiencies, deliver network automation, and improve security for their on-premises data centers and private clouds.
Photo courtesy of Cisco
 

San Jose, Calif., USA – August 21, 2017

• Acquisition supports Cisco's transition toward software-centric solutions

Cisco (NASDAQ:CSCO) announced today its intent to acquire Springpath, Inc., a Sunnyvale-based leader 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.

At Cisco, we are proud that over 4,000 customers have chosen Cisco Application Centric Infrastructure (ACI), the industry’s #1 Software Defined Networking (SDN) solution, to increase operational efficiencies, deliver network automation, and improve security for their on-premises data centers and private clouds.
Photo courtesy of Cisco
 
The companies have worked together since early 2016 to launch HyperFlex, the industry's first fully integrated hyperconverged infrastructure system.

https://www.cisco.com/c/en/us/products/hyperconverged-infrastructure/index.html  


At Cisco, we are proud that over 4,000 customers have chosen Cisco Application Centric Infrastructure (ACI), the industry’s #1 Software Defined Networking (SDN) solution, to increase operational efficiencies, deliver network automation, and improve security for their on-premises data centers and private clouds.
Photo courtesy of Cisco
 
Since then, they have fully 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.

Photo courtesy of Cisco
 
"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."

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

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

Photo courtesy of Cisco
 

Learn more:

Read the blog about the Springpath acquisition from Cisco's Head of Corporate Development

https://blogs.cisco.com/news/cisco-announces-data-center-news  

Read Liz Centoni's blog on "Taking a Leap Forward" in Hyperconvergence

https://blogs.cisco.com/news/  


About Cisco

Cisco (NASDAQ: CSCO) is the worldwide technology leader that has been making the Internet work since 1984.

 
 
Our people, products and partners help society securely connect and seize tomorrow's digital opportunity today.

Discover more at thenetwork.cisco.com and follow us on Twitter at @Cisco.

Photo courtesy of Cisco
 

Release Contacts

Robyn Blum     press
+1 408-853-9848
rojenkin@cisco.com  

Carol Villazon     investor
+1 408 527 6538
carolv@cisco.com  

Jennie Olean     analyst
+1 617 953 2098
jolean@cisco.com  


Source: Cisco

https://newsroom.cisco.com/  



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Reliance and Cisco Jasper Launch Internet of Things (IoT) Services Throughout India

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Editor-in-Chief of ASTROMAN magazine: Roman Wojtala, Ph.D.


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