Cisco has taken over India-based cloud solutions provider Cmpute.io to enhance its cloud offerings.
Cmpute.io, also known as 47Line Technologies, was a partner of Amazon Web Services (AWS).
It has devised a software solution that analyses cloud-deployed workloads and consumption patterns to identify cost-optimisation strategies.
The solution helps customers in choosing the right of size of their cloud workload instances, minimise overprovisioning, and avoid those resources which are of minimal value to the business.
Cisco has acquired eight different companies this year. The total cost of these acquisitions amounted to $6.6 billion.
The company marked its 200th acquisition in October when it took over Artificial Intelligence startup Perspica .
It is also planning to buy Broadsoft for $1.9 billion.
Cmpute.io is the 202nd acquisition of Cisco.
|Get a chance to meet who's who of Transport ecosystem in India including key policymakers from Central and State Governments. Join us at National Summit on ‘Strategy for Ports, Highways Infrastructure and Logistics Efficiency , New Delhi on Aug 13, 2018 to explore business opportunities. Like and connect with us on Facebook, Linkedin and Twitter.|