Cisco furthers multi-cloud mission with Cmpute.io acquisition
Service will join Cisco CloudCenter, helping customers allocate workloads more effectively
Cisco has bought Cmpute.io, a service that helps analyse cloud-hosted workloads and consumption to optimise resources for each application, hoping to bolster its multi-cloud management service.
The networking giant claimed businesses are increasingly opting to run their workloads across multiple services, but this means managing everything can become complicated, especially when applications need different resources to run most efficiently.
Cmpute.io automates how workloads are distributed across AWS spot instances, but it's pretty likely that with the focus on multi-cloud, Cisco will adjust the software to work with other public and private clouds too, rolling it into its CloudCenter service, which manages multi-cloud environments.
Running multi-cloud environments can also be expensive compared to using a single platform if not kept in control, and so buying a firm that can offer the functionality businesses are demanding was a natural choice for Cisco, which claims customers can save up to 80% of their cloud costs by better optimising their resources.
"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," Rob Salvagno, Cisco's vice president of corporate business development, said.
"Cmpute.io's team and technology will add new capabilities to Cisco CloudCenter and accelerate our delivery of cost-optimization features for our customers."
Cisco expects the sale to close in the second quarter of its fiscal year in 2018, lthough hasn't revealed the terms of the deal including whether existing staff at the Indian firm will join Cisco or it will continue to run as a separate entity.
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