Cisco to acquire Cmpute.io to bolster cloud offerings

Cisco will acquire Bengaluru-based Cmpute.io for an undisclosed amount as part of its initiative bolster cloud offerings, reports DHNS from Bengaluru.

Cmpute.io, a company  incorporated in Delaware,  is a software solution provider that analyses cloud-deployed workloads and consumption patterns, and identifies cost- optimisation strategies.

In a blogpost, Cisco said, "To help our customers optimise the consumption of cloud resources in this more complex reality and control cloud spending, Cisco is announcing our intent to acquire Cmpute.io, also known as 47Line Technologies."

Cisco will complete the acquisition of Cmpute.io in the second quarter of fiscal year 2018.

In October 2015, Cisco had made its first acquisition in India by acquiring Bengaluru-based IT security company Pawaa for an undisclosed amount.