Cisco announced plans to buy Cmpute.io for its software product that compares workloads and costs across clouds and identifies ways to save money.
Cmpute.io is a privately-held company operating in Bangalore, India, and incorporated in Delaware. Cisco won’t disclose the acquisition price.
“The solution helps customers right-size their cloud workload instances, minimize overprovisioning, and avoid paying for resources that don’t deliver business value,” wrote Rob Salvagno, VP of corporate business development at Cisco, in a blog post about the Cmpute.io acquisition.
The technology will “add new capabilities” to CloudCenter, Salvagno wrote. This is the company’s cloud orchestration tool, acquired when Cisco purchased CliQr in April 2016. It allows companies to deploy and manage applications across any public clouds or data center environment. And it also compares costs of running applications in public and private clouds.
So why does Cisco need another cloud cost comparison tool?
The company isn’t giving interviews about its latest acquisition. But in an email to SDxCentral, a company spokesperson said: “Cmpute.io adds the ability to identify opportunities to choose spot pricing. More importantly, it adds the ability to analyze workloads after deployment to identify more cost optimal instance sizes. It also adds more advanced analytics capabilities for complex multi-instance workloads. Adding post deployment optimization is what most of our customers need to lower their cloud bill.”
As enterprises increasingly use cloud infrastructure as a service (IaaS) a growing number of vendors are pushing products to manage hybrid clouds and the associated costs.
Hewlett Packard Enterprise (HPE) debuted its long-awaited hybrid cloud management platform, OneSphere, late last month. Among other things, the platform’s single view compares costs and usage across clouds and on-premises deployments.
Cmpute.io Marks 202nd Acquisition
Cisco’s been on a buying spree this year, spending at least $6.6 billion acquiring eight different companies or assets.
Cisco announced its 200th acquisition in October — artificial intelligence (AI) startup Perspica for an undisclosed amount. Not only was this a milestone moment for the company, but Perspica was the first acquisition added into the AppDynamics fold.
Since then, Cisco also said it plans to buy BroadSoft for about $1.9 billion. So this makes Cmpute.io the company’s 202nd planned purchase. Salvagno said in his blog he expects the deal to close in the second quarter of fiscal 2018.