Networking technology producer Cisco agreed yesterday to acquire Cliqr Technologies, a cloud computing technology provider backed by internet conglomerate Alphabet, for $260m.
Cliqr has built a cloud orchestration platform that models, deploys and manages applications across hybrid cloud environments. Users can create a single app profile through which they can manage apps across any data centre, public or private cloud.
The technology is already integrated with Cisco’s Application Centric Infrastructure and Unified Computing System products, and once the deal closes Cliqr’s staff will be incorporated into Cisco’s Insieme division.
Rob Salvagno, vice-president of Cisco Corporate Development, said: “Customers today have to manage a massive number of complex and different applications across many clouds.
“With Cliqr, Cisco will be able to help our customers realise the promise of the cloud and easily manage the lifecycle of their applications on any hybrid cloud environment.”
Cliqr had raised approximately $38m in venture funding, most recently closing a $20m series C round in April 2015 featuring GV, the Alphabet unit then known as Google Ventures, as well as Polaris Partners, Foundation Capital and TransLink Capital. Google and Foundation took part as existing investors.
The Cisco acquisition, consisting of cash and equity, is expected to close in the third quarter of this year.