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Cisco Acquires Cmpute.io to Upgrade Cloud Services

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Cisco has announced plans to acquire Cmpute.io, a provider of cloud solutions in India, as part of a push to promote its cloud offerings. The company’s tech analyses cloud-deployed workloads and consumption patterns.

When established in Delaware, USA, Cmpute.io has offices in Bangalore, India. Also known as 47Line Technologies, India’s advanced technology partner for Amazon Web Services (AWS) provides a software solution to analyze the workload and consumption patterns of cloud deployments.

The company’s technology also identifies cost-optimized tactical workloads in the cloud designed to help end users scale their cloud workload instances, minimize over-provisioning, and avoid paying for resources that do not provide business value.
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According to Rob Salvagno, head of Cisco’s mergers and venture capital team, Cmpute.io’s team and technology will add new capabilities to Cisco’s CloudCenter and accelerate cost optimization for its 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.
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NEW DELHI: Technology giant Cisco will buy Cmpute.io, a privately held company in Bangalore, but did not reveal the data because it appears to be beefing up its cloud computing offerings.

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

It added that Cmpute.io is a private company run in Bangalore and incorporated in Delaware.

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

Cmpute.io’s software solution analyzes cloud-based workloads and consumption patterns and identifies cost-optimization strategies.
Cisco
The blog said the solution helps customers properly scale cloud workload instances and avoid paying for resources that do not provide commercial value.

In October 2015, Cisco had made its first acquisition in India by acquiring Bengaluru-based IT security company Pawaa for an undisclosed amount. The US-based company has been aggressively investing in the Indian market.

Cmpute.io acquisition is expected to be completed in the second quarter of Cisco’s fiscal year 2018. It has also invested in over 25 startups in India, including Mobikwik and MobStac. In 2016, it had committed investments of USD 100 million to fund startups and train 2.5 lakh students in India by 2020.

Reference: https://www.arnnet.com.au/article/631017/cisco-set-acquire-cmpute-io-cloud-offering-boost/

Related: https://economictimes.indiatimes.com/tech/software/cisco-to-acquire-cmpute-io-to-bolster-cloud-offerings/articleshow/61967089.cms

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