Cisco will acquire private cloud player Metacloud, the companies announced on Wednesday.
Based in Pasadena, California, Metacloud offers private cloud solutions for small-to-large companies, including startups and companies in the Fortune 100. Running an OpenStack-as-a-Service model, the company offers its customers ready-to-go private clouds in new and existing datacenters.
Financial terms of the agreement were not disclosed. Metacloud's employees will join Cisco's cloud division on completion of the deal.
Cisco said it's buying the company in efforts to bolster its global Intercloud efforts, a network of clouds scattered around the globe which can be capable of meeting the needs of hungry cloud customers.
The Intercloud strategy, announced in March, requires the enlisting of major companies working to standardize on Cisco's cloud, based on OpenStack open source software.
In prepared remarks, Hilton Romanski, senior vice president for Cisco Corporate Development, said:
"Cloud computing has dramatically changed the IT landscape. To enable greater business agility and lower costs, organizations are shifting from an on-premise IT structure to hybrid IT — a mix of private cloud, public cloud, and on-premise applications."
He added that Metacloud's technology "will play a critical role" in enabling its customers to experience "a seamless journey to a new world of many clouds, providing choice, flexibility, and data governance."
The deal is expected to close in the first quarter of next year.