Cisco acquires Springpath for $320 million

Cisco acquired Springpath a California base startup develops distributed file system for processing that authorizes server based storage systems.  Cisco bought it for $320 million.

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Moreover, the company plans to use Springpath to support its data center portfolio and grow its computing business. In terms of corporate structure, the Springpath team will join Cisco"s Computing Systems Product Group led by Liz Centoni.

HypeFlex platform

The acquisition expected to close in Cisco"s first quarter of fiscal 2018.

Springpath started its services from 2012 and with combination of networking support from Series C worked together and developed HypeFlex platform hyperconverged system that combines software-defined storage software.

However, Cisco has been on a bit of an acquisition excess this year. Mean while, in May Cisco bought MindMeld, a San Francisco-based startup built a conversational AI platform for enterprises, for $125 million.

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A couple of weeks before that, Cisco announced that it was paying $610 million to buy SD-WAN startup Viptela, and then three days later acquired data analytics company Saggezza.