Cisco to ac­quire cloud so­lu­tions com­pany cm­pute.io

The Hindu Business Line - - NEWS -

Tech­nol­ogy gi­ant Cisco will ac­quire Bengaluru-based cm­pute.io for an undis­closed amount, as it looks to beef up its cloud of­fer­ings.

“To help our cus­tomers op­ti­mise the con­sump­tion of cloud re­sources in this more com­plex re­al­ity and con­trol cloud spend­ing, we an­nounce our in­tent to ac­quire cm­pute.io, also known as 47Line Tech­nolo­gies,” Cisco said in a blog­post.

cm­pute.io is a pri­vately-held com­pany op­er­at­ing in Bengaluru, and in­cor­po­rated in Delaware.

“We ex­pect the ac­qui­si­tion to close in the sec­ond quar­ter of Cisco’s fis­cal year 2018,” it said.

cm­pute.io’s soft­ware so­lu­tion analy­ses cloud-de­ployed work­loads and con­sump­tion pat­terns, and iden­ti­fies costop­ti­mi­sa­tion strate­gies.

The so­lu­tion helps cus­tomers right-size their cloud work­load and avoid pay­ing for re­sources that do not de­liver business value, the blog said.

In Oc­to­ber 2015, Cisco had made its first ac­qui­si­tion in In­dia by procur­ing Ben­galu­rubased IT se­cu­rity com­pany Pawaa, for an undis­closed amount.

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