AMD has announced a definitive agreement to acquire Pensando, a distributed services platform provider. Pensando’s product set includes a high-performance, fully programmable packet processor and comprehensive software stack that accelerates networking, security, storage, and other services for cloud, enterprise, and edge applications. With Pensando’s products deployed at scale across cloud and enterprise data centers, the acquisition will expand AMD’s product portfolio and help deliver on its vision of the next-generation data center.
AMD has announced a definitive agreement to acquire Pensando, a distributed services platform provider. Pensando’s product set includes a high-performance, fully programmable packet processor and comprehensive software stack that accelerates networking, security, storage, and other services for cloud, enterprise, and edge applications. With Pensando’s products deployed at scale across cloud and enterprise data centers, the acquisition will expand AMD’s product portfolio and help deliver on its vision of the next-generation data center.
The Pensando acquisition enhances AMD’s vision for the future of the data center. Combining AMD’s CPUs, GPUs, FPGAs, and adaptive computing engines with Pensando’s packet processor and software technologies enables AMD to broaden its portfolio of compute engines that have been optimized for various workloads. AMD will have the capability to innovate at the chip, software, and platform level to deliver optimized solutions with high performance and better value for cloud and enterprise customers.
“To build a leading-edge data center 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 center offerings. Today, 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.”
Pensando’s enterprise and cloud provider customers include Goldman Sachs, IBM Cloud, Microsoft Azure, and Oracle Cloud. The high-performance, scalable distributed services platform consists of a programmable packet processor that can be distributed throughout a network to accelerate multiple infrastructure services simultaneously, offloading workloads from the CPU and increasing overall system performance. Combined with Pensando’s system software stack, the platform offers unprecedented performance, scale, flexibility, and security. According to Pensando, in real-world cloud deployments, its solution demonstrates between 8x and 13x greater performance than competitive solutions.
“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. “In less than five years, Pensando has assembled a best-in-class engineering team that are experts in building systems together with a rich, deep ecosystem of partners and customers who have currently deployed over 100,000 Pensando platforms into production. 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.”
CEO Prem Jain and the Pensando team will join AMD as part of the Data Center Solutions Group, led by AMD Senior Vice President and General Manager Forrest Norrod. Pensando will remain focused on executing their product and technology roadmaps, now with additional scale to accelerate their business and address growing market opportunities across a broader number of customers.
The acquisition is expected to close in the second quarter of 2022, following satisfaction of customary closing conditions, including approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
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