Cisco Acquires CliQr For $260 Million

The could management provider, Cliqr, is acquired by Cisco for $260 million.

Cisco Systems is planning to acquire Cliqr for $260 million in efforts to get into the growing market of cloud management and computing. The CEO of the networking giant company, Chuck Robbins, believes that this acquisition will aid companies in adapting the hybrid cloud service easily.

Cliqr Technologies is startup in California, San Jose, providing technology to various companies required for the management of software apps to maintain their datacenters. The strategy that Cisco Systems is trying here is not to compete with major cloud computing businesses but instead become an intermediary of such businesses and their customers, which it can achieve through acquiring Cliqr.

The Information Technology organization is now paying Cliqr with $260 million. It has 100 employees according to the CEO, Chuck Robbins. By doing so, the company will be able to recast its products in an enhanced manner which is compatible with the market of networking today. Cisco is expanding its business from not only developing hardware and software but is now making new additions to its portfolio, which will help its users manage and meet their computing needs in a friendlier and easier way.

This recent acquisition by Cisco will help the company strategy of helping their customers in a better and more flexible way through the provision of more resources of cloud computing in a unique manner. The company made an announcement just a month ago of its plans to acquire another business in the same market and category, Jasper Technologies Inc. costing its almost $1.4 billion. It is planning to do so with hope to offer more products to its customer in the market for the Internet of Things tech, so that users can easily manage their appliances via the internet.

Cisco Systems is no longer staying in a box and is expanding the services it offer through acquiring companies in the networking business with their employees and its own working together as one singular team to come up with most innovative tech there to date. The company it is acquiring now, Cliqr, raised $38 million in 2015, April, it was founded five years ago by VMware Inc. and has major popular investors including Google’s arm, Polaris Partners and many others.

The CEO of Cisco is aware of the fact that most of the technology in the future is going to be cloud based and he known what the business needs to stay ahead of the competition and let the future be as successful for the company as possible.