Semiconductor company AMD is set to acquire cloud start-up Pensando for around $1.9bn (£1.4bn) in a move that will see it bolster its data centre product portfolio.
Pensando’s distributed services platform expands AMD’s offering with a unique software stack and programmable packet processors, enabling the firm to accelerate networking, security, storage and other services for cloud, enterprise and edge applications.
Founded in 2017, Pensando’s products are used by several high-profile firms, including Goldman Sachs, IBM Cloud, Microsoft Azure and Oracle Cloud.
“Today, with our acquisition of Pensando, we add a leading distributed services platform to our high-performance CPU, GPU, FPGA and adaptive SoC portfolio,” said Dr Lisa Su, AMD chair and CEO. “The Pensando team brings world-class expertise and a proven track record of innovation at the chip, software and platform level, which expands our ability to offer leadership solutions for our cloud, enterprise and edge customers.”
As part of the deal, CEO Prem Jain and the Pensando team will join AMD’s Data Centre Solutions Group, led by AMD senior vice president and general manager Forrest Norrod.
“Industry leadership is based on catching business model disruptions enabled by new technologies,” added John Chambers, chair of the board of Pensando. “[This is] a perfect fit to shape the data centre computing landscape for the next decade.”
The acquisition is expected to close in the second quarter of this year.
