Cisco will continue its transition into the cloud space by snapping up Cmpute.io - a deal it claims will assist its multicloud focus.
Rob Salvagno, vice president, corporate business development at Cisco, said on his blog about the acquisition that 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.
"However, managing this multicloud environment can create complexity for IT and make it challenging to manage costs and uncontrolled consumption," he said.
"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."
Salvagno said Cmpute.io is a privately held company operating in Bangalore, India, and incorporated in Delaware.
"Cmpute.io's software solution analyses cloud-deployed workloads and consumption patterns, and identifies cost-optimisation strategies. The solution helps customers right-size their cloud workload instances, minimise overprovisioning, and avoid paying for resources that don't deliver business value," he said.
Salvagno said with a multicloud strategy, customers need to budget, buy, and consume differently.
"Cmpute.io's team and technology will add new capabilities to Cisco CloudCenter and accelerate our delivery of cost-optimisation features for our customers. We expect the acquisition of Cmpute.io to close in the second quarter of Cisco's fiscal year 2018," he added.
View pictures of all of last night's fights
Acquisitive comms provider swoops on Frontier Voice & Data and StoneHouse Logic
Cybersecurity firm rakes in £3.6m for unwanted unit
Results, reaction and pictures from last night's CRN Fight Night