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Cisco Puts Up $320M for Springpath

Cisco Systems has cut a deal to acquire Springpath, the company behind a distributed file system that’s built for “hyperconvergence” for server-based storage systems, for $320 million.

Cisco said the acquisition of the Sunnyvale, Calif.-based company will help it shore up its next-gen data center strategy, and follows a collaboration between the companies for the 2016 launch of HyperFlex. Cisco also led Springpath’s Series C financing round in 2015.

"This acquisition is a meaningful addition to our data center portfolio and aligns with our overall transition to providing more software-centric solutions," Rob Salvagno, Cisco VP, corporate business development, said in a statement. "Springpath's file system technology was built specifically for hyperconvergence, which we believe will deliver sustainable differentiation in this fast-growing segment. I'm excited to be able to provide our customers and partners with the simplicity and agility they need in data center innovation."

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