Cisco to buy Perspica after completing Springpath acquisition

Data networking solutions giant Cisco is set to make Persipca its 200th acquisition, according to reports in the media. 

San Jose-based Perspica is said to be a developer of artificial intelligence systems which evaluate the validity of a network security event. 

The acquisition will complement the $3.7 billion purchase of AppDynamics earlier in the year, according to BizJournals.com

The Perspica team will be combined with the AppDynamics operation, and the deal is expected to be finalised by the end of the year, although financial details were not disclosed. 

Cisco also recently completed its acquisition of Springpath, a Sunnyvale-based provider of hyperconvergence software. 

Hyperconvergence is a type of infrastructure system which integrates a wide range of hardware from different manufacturers into one system, and uses software to make everything work together. 

Springpath has developed a distributed file system purpose-built for hyperconvergence that enables server-based storage systems.

The acquisition allows Cisco to continue to deliver next-generation data center innovation to its customers, and aligns with its overall transition to providing more software-centric solutions.

Cisco’s acquisition of Springpath is the culmination of the long-standing strategic relationship between the two companies, having worked together since 2016 to launch and deliver HyperFlex, which is claimed to be the industry’s first fully integrated hyperconverged infrastructure system. 

The acquisition will allow Cisco to continue to grow its computing business, enabling more customers to realize the benefits of simple and economic software-defined infrastructure. 

As part of Cisco, it will serve as a meaningful addition to Cisco’s data center portfolio and will help Cisco provide simplicity and agility to its data center customers.

Cisco acquired Springpath for $320 million in cash and assumed equity awards, plus additional retention-based incentives.