Cisco Acquires CliQr Technologies for $260,000,000

Company Information

Company
CliQr Technologies

Website

http://www.cliqr.com

Location
3255-1 Scott Blvd Santa Clara, CA 95054

Description
CliQr Technologies is setting the stage for the next generation of cloud computing. CliQr enables existing business applications to fluidly move to and between any private, public or hybrid cloud without migration time and expense.

Transaction Details

  • Date – 3/1/2016
  • Transaction Type – M&A
  • Transaction Amount – $260,000,000
  • Transaction Round
  • M&A Terms – Cisco will pay $260 million in cash and assumed equity awards, plus retention based incentives.