Cisco Announces Intent to Acquire Cmpute.io
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. 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, also known as 47Line Technologies. Cmpute.io is a privately held company operating in Bangalore, India, and incorporated in Delaware.
Cmpute.io’s software solution analyzes cloud-deployed workloads and consumption patterns, and identifies cost-optimization strategies. The solution helps customers right-size their cloud workload instances, minimize overprovisioning, and avoid paying for resources that don’t deliver business value.
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.
Cmpute.io’s team and technology will add new capabilities to Cisco CloudCenter and accelerate our delivery of cost-optimization features for our customers.
We expect the acquisition of Cmpute.io to close in the second quarter of Cisco’s fiscal year 2018.