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More and more businesses are moving workloads to private and public clouds — and often to multiple public cloud providers — in order to gain more flexibility and agility. However, managing a multicloud environment can create complexity for IT and make it challenging to manage costs and uncontrolled consumption.

To help its customers optimize the consumption of cloud resources in this more complex reality and control cloud spending, Cisco is announcing its intent to acquire Cmpute.io, also known as 47Line Technologies. Cmpute.io is a privately held company operating in Bangalore, India, and incorporated in Delaware. Cmpute.io’s software solution analyzes cloud-deployed workloads and consumption patterns, and identifies cost-optimization strategies. The solution helps customers right-size their cloud workload instances, minimize overprovisioning, and avoid paying for resources that don’t deliver business value.

You can view the full article here.