Cisco is acquiring India-based cloud solutions provider Cmpute.io for an undisclosed amount with an aim of boosting its cloud offerings.
India-based Cmpute.io, also known as 47Line Technologies, is already a partner of Amazon Web Services (AWS).
Cmpute.io has devised a software solution that analyzes cloud-deployed workloads and consumption patterns to identify 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.
“Cmpute.io’s team and technology will add new capabilities to Cisco CloudCenter and accelerate our delivery of cost-optimization features for our customers,” said Rob Salvagno, VP of corporate business development for Cisco, in a blog post.
A key focus of Cmpute.io’s approach is to assist customers that have adopted a multicloud strategy, which requires different methods to budget, buy and consume cloud services.
“Cmpute.io’s technology added to existing Cisco solutions will help our customers optimize their cloud consumption to ensure optimal business value,” Salvagno said.
Cisco said it expects to close the acquisition of Cmpute.io in the second quarter of Cisco’s fiscal year 2018.
From a broader company strategy perspective, the Cmpute.io acquisition is another way Cisco is working to establish a larger foothold in the cloud market. Cisco has established a partnership with Google Cloud to deliver a hybrid cloud solution that the duo said helps customers maximize their investments across cloud and on-premises environments. In addition to acquiring Cmptue.io, Cisco is also in the process of purchasing Broadsoft.