Cisco to acquire Cmpute.io for cloud optimization tools

Cisco will acquire Cmpute.io, a start-up based in Bangalore that optimizes applications by moving workloads between private and multiple public clouds or region, based on current performance metrics and/or spot pricing.  Financial terms were not disclosed.

Cmpute.io, also known as 47Line Technologies, analyzes cloud-deployed workloads and consumption patterns. Its cost-optimization strategies help customers
minimize cloud instance overprovisioning.

Cmpute.io’s team and technology will join Cisco CloudCenter.