The corporate has agreed to acquire hyperconvergence software provider Springpath, two years after its Cisco Investments unit invested in the company.
Networking equipment provider Cisco agreed on Monday to acquire one of its portfollio companies, US-based hyperconvergence software producer Springpath, for $320m in cash and assumed equity awards.
Founded in 2012 and formerly known as Storvisor, Springpath provides hyperconvergence software that converts servers into data storage systems.
The software can be integrated into a subscriber’s existing management tools, making network data storage unnecessary while increasing the customer’s operational efficiency.
Springpath and Cisco had been collaborating on a hyperconverged infrastructure system called…
