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When will springpath be acquired by cisco? Cisco will acquire Springpath for $320 million in cash and assumed equity awards, plus additional retention-based incentives. The acquisition is expected to close in Cisco's first quarter of fiscal year 2018, following customary closing conditions and regulatory review.

What is springspringpath and ciscos hyperflex? Springpath has been around since 2012 and the networking giant led its Series C funding round two years ago. In early 2016, the two companies worked together to launch the HyperFlex platform, which combines Cisco's compute and networking with software-defined storage software.

What does springspringpath do for idc? Springpath is known for the development of a distributed file system for hyperconvergence that enables server-based storage systems. Hyperconverged infrastructure systems -- which IDC projects will be a $6 billion market opportunity by 2020 -- have been a focus for enterprise hardware vendors for some time.

What was the first company that cisco bought? History Founded in 1984, Cisco did not acquire a company during the first seven years of its existence; but, on September 24, 1993, Cisco acquired Crescendo Communications, a LAN switching company. Following the first Cisco takeover purchase, acquisitions have constituted 50 percent of the company's business activity.

Listing Results Springpath Acquired By Cisco Contact Us? Question Answers

Cisco to acquire key software partner Springpath for $320M

The first milestone was Cisco’s decision to become the lead investor in a $34 million funding round that Springpath closed that year. A few quarters later, they introduced a jointly developed

Cisco buys Springpath for $320 million ZDNet

In terms of corporate structure, the Springpath team will join Cisco's Computing Systems Product Group led by Liz Centoni. The acquisition is expected to close in Cisco's first quarter of fiscal 2018.

Cisco to acquire Springpath in $320 million deal IT PRO

Cisco has announced the acquisition of hyperconvergence software developer Springpath for $320 million (248 million). Springpath's distributed file system has been specifically designed for

Cisco to Acquire Springpath

Previously, Cisco attempted to acquire Nutanix and SimpliVity, but both deals fell through -- competitor HPE announced its deal to acquire SimpliVity in January for $650M. Now, the strategic Springpath acquisition will help Cisco increase its presence in the maturing HCI market, which will reach $6B by 2020 according to research by IDC.

Cisco to acquire software developer Springpath for USD 320

Cisco has announced plans to acquire hyperconvergence software developer Springpath for USD 320 million in cash. California-based Springpath has developed a distributed file system purpose-built

List of acquisitions by Cisco Systems Wikipedia

The majority of companies acquired by Cisco are based in the United States (U.S.) and a total of 149 companies have been acquired as of March 2011. [update] . Most of the companies acquired by Cisco are related to computer networking, with several LAN switching and Voice over Internet Protocol (VoIP) companies included in the list of acquisitions.

BRIEFCisco announces intent to acquire Springpath Reuters

* Cisco - will acquire Springpath for $320 million in cash and assumed equity awards * Cisco - acquisition is expected to close in Cisco’s Q1 of fiscal year 2018

Cisco acquires Indianorigin founders’ venture Springpath

Cisco acquires Indian-origin founders’ venture Springpath for $320 mn. US-based technology firm Cisco Systems Inc. has announced it plans to acquire IIT-Kanpur and BITS Pilani alumni-founded, hyper-convergence firm Springpath Inc. for $320 million (Rs 2,052 crore). The acquisition will involve cash and assumed equity awards, besides

Cisco To Acquire Springpath, cisco, springpath VARINDIA

Cisco today announced and intent to acquire US based software firm Sunnyvale for $ 320 million. Both the firms have been in talks and also worked together since last year to launch HyperFlex solution to deliver next-generation data center innovation to its customers.

Cisco Closes Acquisition Of Springpath As Data Center

Hyper-converged startup Springpath has been acquired by Cisco for $320 million in the networking giant's latest move to revamp its data center portfolio. By Mark Haranas September 25, 2017, 10:00

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