Cisco to buy CliQr for $260M

Today Cisco announced that it is buying CliQr, a provider of application management solutions for hybrid cloud environments, for $260 million in cash and equity awards.
The deal, which is expected to close in Q3 of this year, will see the CliQr team become a part of Cisco’s Insieme business unit reporting to Prem Jain. CliQr was already working with Cisco, with the company’s solutions integrated across several of Cisco’s data center switching and cloud solutions, the company said.
CliQr had raised just over $38 millionfrom investors that include Google Ventures, Foundation Capital, InstantScale Ventures, Polaris Partners and Translink Capital. CliQr, based out of San Jose, was founded in 2010 but only came out of stealth in 2012.
While many businesses today are moving services off their own servers and into cloud-based evironments, more often than not enterprises are taking a combined approach using on-premise, cloud and third-party servers to run their IT. This is leading to a lot of M&A activity in the hybrid cloud space but also companies organically expanding their service offerings in this field to meet customer demands.

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Mohiddeen Ahmad

I am Mohiddeen Ahmad, the fountainhead of Flowdiary Blog. I Manage this blog and post articles relating to Entrepreneurship, Online Marketing, Technology, Blogging and more.. Stay updated on Facebook, Google+, Twitter, Instagram, and YouTube

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