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Mumbai, April 5 In a bid to expand its data centre solutions capabilities, chipmaker AMD has announced a definitive agreement to acquire Pensando for approximately $1.9 billion (around ₹14,468 crore) before working capital and other adjustments.
Pensando’s distributed services platform includes a programmable packet processor and a comprehensive software stack to accelerate networking, security, storage and other services for cloud, enterprise and edge applications.
“To build a leading-edge data centre with the best performance, security, flexibility and lowest total cost of ownership requires a wide range of compute engines,” said Dr. Lisa Su, AMD chair and CEO.
“All major cloud and OEM customers have adopted EPYC processors to power their data centre offerings. With our acquisition of Pensando, we add a leading distributed services platform to our high-performance CPU, GPU, FPGA and adaptive SoC portfolio. 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,” the AMD chair and CEO added.
Pensando’s products have been deployed at scale across cloud and enterprise customers, including Goldman Sachs, IBM Cloud, Microsoft Azure and Oracle Cloud.
“We are excited to join the AMD family. Our shared cultures of innovation, excellence and relentless focus on partners and customers make this an ideal combination. Together, we have the talent and tools to deliver on our customers’ vision for the future of computing,” said Pensando CEO Prem Jain.
“Joining together with AMD will help accelerate growth in our core business and enable us to pursue a much larger customer base across more markets,” added Jain.
“Industry leadership is based on catching business model disruptions enabled by new technologies,” said John Chambers, chair of the board of Pensando.
“Pensando is built upon strong customer products and a solution that is at least two years ahead in cloud, edge and enterprise. For example, the performance and scale of Pensando’s distributed services platform is 8x-13x of the largest cloud provider and uses less power. Pensando’s smart switching architecture has 100x the scale, 10x the performance at one-third the cost of ownership of any comparable products in the enterprise market. Pensando’s leadership position in software-defined cloud, compute, networking, security and storage services as part of the much larger AMD portfolio is a perfect fit to shape the data centre computing landscape for the next decade,” Chambers said.
CEO Prem Jain and the Pensando team will join AMD as part of the Data Centre Solutions Group, led by AMD Senior Vice President and General Manager Forrest Norrod.
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