Cisco acquires key software partner Springpath for $320M

MARIA DEUTSCHER | August 21, 2017

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Three months after picking up artificial intelligence startup MindMeld Inc. for $125 million, Cisco Systems Inc. has inked another nine-figure acquisition. The networking giant is shelling out $320 million to buy a firm called Springpath Inc. that develops software for hyperconverged systems. It’s Cisco’s fifth acquisition of the year, and arguably the least surprising. Rumors about the deal have been making rounds since 2015, which is when the two companies first crossed paths.

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