Tech giant Cisco has set their eyes on acquiring Banglore based company Cmpute.io in a bid to scale up their cloud offerings. The acquisition, that is poised to get locked by the latter half of 2018, seeks to enable customers with cloud consumptions tactics to ensure optimal business value.
According to Cisco, managing multi-cloud environments continues to be a top-of-the-mind concern for organizations looking to make the most out of the cloud. They further added that by acquiring Cmpute.io, they will be able to analyze cloud-deployed workloads and consumption, to identify cost-effective strategies. Explaining the acquisition plan, Rob Salvagno, head of Cisco’s M&A and venture investment team said:
With a multi-cloud strategy, customers need to budget, buy, and consume differently.
Industry experts say that multi-cloud environments are a hot issue for many organizations and a large number of IT decision makers polled that current IT and cloud management plans need rethinking. In such times, we feel that the acquisition of Cmpute.io by Cisco will bring some stability to the scenario.
Cmpute.io will be Cisco’s second acquisition in Banglore after acquiring IT security company Pawaa in 2015. This acquisition also indicates Cisco’s growing interest in the cloud market in India.