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Cisco Systems announces its plan to acquire Springpath Inc., an early partner in the hyperconverged systems market. This move is part of Cisco's strategy to shift its focus towards selling software and services. Hyperconverged systems combine data storage and computing, enabling cost reduction in operating data centers. The deal, costing Cisco $320 million, is expected to be finalized later this year, positioning Cisco to compete in the growing hyperconverged systems market.
Sunday, 20 August, 2017