Enterprise networking giant Cisco is set to acquire Springpath, a hyperconvergence software maker, as part of its strategy to deliver more software-centric solutions to data center customers.
Cisco will acquire Springpath for $320 million in cash and assumed equity awards, plus additional retention-based incentives.
Sunnyvale-based Springpath developed a distributed file system purpose-built for hyperconvergence that enables server-based storage systems.
Cisco and Springpath have worked together since early 2016 to launch HyperFlex, the industry’s first integrated hyperconverged infrastructure system. Since then, they have fully aligned on product development and go-to-market strategies.
“Springpath’s file system technology was built specifically for hyperconvergence, which we believe will deliver sustainable differentiation in this fast-growing segment,” said Rob Salvagno, Cisco vice president, Corporate Business Development.