AMD, a leading semiconductor company, has signed a definitive agreement to purchase Pensando for roughly $1.9 billion (around 14,468 crore) before working capital as well as other adjustments, in order to bolster its data center solutions offerings.
When it comes to speeding up networking, security, storage, and many other services for cloud, business, and edge apps, Pensando’s distributed services platform with its programmable packet processor & full software stack is where it’s at.
“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,” the AMD chair & CEO Dr. Lisa Su said.
“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,” added the AMD chair & CEO.
Pensando’s products are getting deployed at scale across enterprise customers and the cloud, including IBM Cloud, Goldman Sachs, Microsoft Azure & 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,” Prem Jain, Pensando CEO said.
“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,” also said Jain.
“Industry leadership is based on catching business model disruptions enabled by new technologies,” said the chair of the board of Pensando, John Chambers.
“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 added.
The Pensando team, led by CEO Prem Jain, will join AMD & become part of the Data Centre Solutions Group, which will be managed by AMD Senior Vice President & General Manager Forrest Norrod.
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