Cisco to Acquire Springpath

Cisco said Monday it plans to acquire Springpath, a Sunnyvale-based developer of hyperconvergence software for $320 million in cash and assumed equity awards, plus additional retention-based incentives.

Springpath has developed a distributed file system purpose-built for hyperconvergence that enables server-based storage systems. Cisco said the acquisition will allow it to continue to deliver next-generation data center innovation to its customers. The companies have worked together since early 2016 to launch HyperFlex, the industry’s first fully integrated hyperconverged infrastructure system. The deal is expected to close in Cisco’s fiscal Q1.

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