January 29, 2018

Cisco to acquire cloud provider Skyport Systems

The acquisition aims to diversify Cisco’s hybrid cloud offerings in order to meet rising demand for secure IT applications.

Tech giants

Tech giants Cisco have announced that they will be acquiring hyper-converged cloud provider Skyport Systems. With this acquisition, Cisco will be diversifying their hybrid cloud offerings in a bid to run mission-critical IT applications on a secure platform.

According to Cisco, the demand for secure hybrid solutions is on the rise and meeting the same is one of their primary business goals. They further added that with Skyport’s hyper-converged cloud solutions, they will be able to accelerate supply to business segments looking for seasoned products. Explaining this in detail, Rob Salvagno, Vice President of Corporate Business Development at Cisco, said:

Cisco announced its intent to acquire Skyport Systems, Inc, a privately-held company providing cloud-managed, hyper-converged systems that run and protect business-critical applications. This acquisition will enable Cisco to use Skyport’s intellectual property, seasoned software and network expertise to accelerate priority areas across multiple Cisco portfolios. Cisco was also an investor in Skyport.

Skyport say that they are much delighted with the level-headedness and expertise Cisco will provide to their customers. They further added that they will be making new products with Cisco and not market the existing ones provided by Skyport since Cisco provides them already to some of their customer segments. Explaining this, Salvango added:

Cisco will not sell the existing Skyport Systems offers. Cisco will support the installed Skyport Systems customer base through contract termination dates.

Cisco say that the terms of the acquisition deal are being worked out and the purchase price is kept confidential at the moment.