AMD to Snap Pensando for $1.9 Billion

AMD President Dr. Lisa Su arrives on the red carpet for the premiere of the film Alien during day one of The South by Southwest (SXSW) Conference held at the Paramount Theater in Austin, Texas, on March 10, 2017. Suzanne Cordeiro/AFP via Getty Images

Advanced Micro Devices Inc. has agreed to acquire Pensando for $1.9 billion.

Pensando distributed services platform included a high-performance, fully programmable packet processor, and comprehensive software stack that accelerate networking, security, storage, and other services for cloud, enterprise, and edge applications.