Cisco Announces Intent to Acquire Springpath | The Network | The Network

Cisco to buy Springpath for $320M-plus
Cisco buys Springpath, brings HCI software in-house
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22 August, 2017

Cisco first worked with Springpath's management in 2012, and in 2015 the company led Springpath's series C financing round.

Cisco has announced plans to acquire hyperconvergence software developer Springpath for United States dollars 320 million in cash.

The acquisition is the culmination of a long-standing strategic relationship between Cisco and Springpath. The historic working partnership includes the introduction of HyperFlex, which has been enabling companies to use Cisco's unified computing systems (UCS) with the Cisco HyperFlex HX Data Platform to offer companies the ease of using a single platform for both datacentre infrastructure and software since 2016. The San Jose, California-based company announced today that it will acquire hyperconverged provider, Springpath, Inc. Since then, they have fully aligned on product development and go-to-market strategies.

Cisco said the takeover will help it grow in software-defined systems for data centers.

According to Cisco, Springpath's founders wanted to revolutionise the data centre through its innovative data platform.

The Cisco and Springpath HyperFlex solution directly competes with HPE's own hyperconverged infrastructure, HPE SimpliVity. "I'm excited to be able to provide our customers and partners with the simplicity and agility they need in data centre innovation", Salvagno said. "The Springpath team will join the Computing Systems Product Group led by Liz Centoni", he said.

After meeting customary closing conditions and clearing regulatory reviews, Cisco expects the acquisition to close by the end of October.

'This acquisition will further fuel the incredible momentum we have seen in the adoption and deployment of this solution over the last several quarters'.

The Springpath deal, which will cost Cisco $320 million in cash and assumed equity awards, is expected to close later this year.


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