Cisco Announces Purchase of CliQr
Cisco consolidation in the field of business services in the cloud is moving ahead with a new operation. The company announced today that it has purchased CliQr, a provider of application management solutions for hybrid cloud environments, for $ 260 million in cash and stock.
The deal, expected to close in the third quarter, will mean for the team CliQr integration into a part of Insieme, a business unit of Cisco, according to Prem Jain. CliQr was already working with Cisco through various switching solutions and cloud data centers Cisco.
CliQr, founded in 2010 and based in San Jose as Cisco, had raised more than $ 38 million from a list of investors including Google Ventures, Foundation Capital, InstantScale Ventures, Polaris and Translink Capital Partners, reports TechCrunch.
While many companies are moving services from their own servers to cloud-based environments, most are adopting a combined approach, using its facilities, cloud and third-party servers to run their IT elements. This is leading to a lot of mergers and acquisitions in the hybrid cloud space, while the business organically expand its service offerings in this field to meet customer demand.
In this sense, Rob Salvagno, vice president of corporate development at Cisco, said in a statement: “Customers today have to manage a massive number of complex and different across many cloud applications. With CliQr, Cisco will be able to help our customers realize the promise of cloud and easily manage the lifecycle of their applications on any hybrid cloud environment. ”
CliQr approach, as described Cisco is providing customers with a single platform, called CloudCenter, to manage applications in hybrid IT environments. The idea is that CliQr is destined to grow with the gradual movement of enterprises to the cloud itself, which is an additional attraction.