Cisco this week announced its intention to acquire CliQr Technologies, a privately-held developer of “application-defined” cloud orchestration software for $260 million.
CliQr’s software allows cloud operators to deploy and manage applications across bare metal, virtualized and container environments. Cisco says the acquisition will help its customers configure and operate private, public and hybrid cloud deployments.
CliQr is already integrated with a number of Cisco's data center switching and cloud offerings, including Application Centric Infrastructure and Unified Computing System. Moving forward, Cisco says it will continue to integrate CliQr across its data center portfolio.
CliQr personnel will join Cisco's Insieme Business Unit reporting to Prem Jain, senior vice president and general manager. In addition to $260 million in cash and assumed equity awards, Cisco will pay retention based incentives for the company.
The acquisition is expected to close in the third quarter of Cisco’s fiscal year 2016, which ends in April.
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