Cisco is planing on acquiring Sunnyvale, California-based Springpath, a provider of enterprise-grade storage and data management software, for about $320 million in cash. Springpath was backed by Sequoia Capital, New Enterprise Associates and Redpoint Ventures. SAN JOSE, CA–(Marketwired – Aug 21, 2017) – Cisco (NASDAQ: CSCO) announced today its intent to acquire Springpath, Inc., a Sunnyvale-based leader in hyperconvergence software. Springpath has developed a distributed file system purpose-built for hyperconvergence that enables server-based storage systems. The acquisition will allow Cisco to continue to deliver next-generation data center innovation to its customers.