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Cisco to acquire to bolster cloud offerings

Press Trust of India  |  New Delhi 

Technology giant Cisco will acquire, a privately-held company in Bengaluru, for an undisclosed amount as it looks to beef up its offerings.

"To help our customers optimise the consumption of resources in this more complex reality and control spending, Cisco is announcing our intent to acquire, also known as 47Line Technologies," Cisco said in a blogpost.

It added that is a privately-held company operating in and incorporated in Delaware.

"We expect the of to close in the second quarter of Cisco's fiscal year 2018," it said.'s software solution analyses cloud-deployed workloads and consumption patterns, and identifies cost- optimisation strategies.

The solution helps customers right-size their cloud workload instances and avoid paying for resources that do not deliver business value, the blog said.

In October 2015, Cisco had made its first in by acquiring Bengaluru-based IT security company Pawaa for an undisclosed amount.

The US-based company has been aggressively investing in the Indian market.

It has also invested in over 25 startups in India, including Mobikwik and MobStac. In 2016, it had committed investments of USD 100 million to fund startups and train 2.5 lakh students in by 2020.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 07 2017. 19:50 IST