Cisco buys cloud optimisation firm Cmpute.io
Cisco is looking to take some of the pain out of managing multicloud environments by acquiring Cmpute.io, a cloud optimisation specialist that uses software to help cut costs, reports Enterprise Cloud News (Banking Technology’s sister publication).
Cmpute.io, which also goes by the name 47Line Technologies, is incorporated in Delaware, but operates out of Bangalore, India.
While Cisco did not disclose financial details, the company did note that it expects the deal to close during its second financial quarter of 2018.
Within enterprises, the trend in cloud computing is starting to shift to a multicloud model, where IT departments are balancing either several different public cloud platforms or a combination of public and private clouds.
With multiple workloads and applications running on different cloud platforms, IT administrators and CIOs are trying to figure out how to manage all the various clouds from different vendors. This is adding new costs at a time when cloud is supposed to save IT departments time and resources.
In the case of Cmpute.io, the company uses its own software to analyse where the workloads are running, as well as consumption patterns within the various clouds, says Rob Salvagno, vice-president of corporate business development at Cisco.
“With a multi-cloud strategy, customers need to budget, buy and consume differently. Cmpute.io’s technology, added to existing Cisco solutions, will help our customers optimise their cloud consumption to ensure optimal business value,” Salvagno adds.
On the company’s LinkedIn page, Cmpute.io notes that it works largely within Amazon Web Services (AWS), which is considered the largest public cloud provider and can offer up to 85% savings on elastic compute cloud (EC2) costs.
Cisco plans to incorporate Cmpute.io’s software into its CloudCenter, which helps manage multicloud environments.
Over the past year, Cisco has made a series of acquisitions large and small to help bolster its cloud computing portfolio as the company looks to shift away from traditional networking gear toward offering more software, security and other services.
Before the deal, Cisco latest acquisition was an $1.9 billion agreement for BroadSoft to expand its cloud-based unified communications portfolio.
After several losing financial quarters, Cisco posted better-than-expected results in November during its 2018 financial first quarter.
