IP networking bellwether, Cisco hopes to enhance its hybrid cloud capabilities by acquiring CliQr Technologies for $260 million.
CliQr claims to have developed an orchestration platform to assist customers to manage several applications across hybrid cloud environment. Cloud ecosystem is gaining traction with a number of companies using a combination of public and private clouds besides utilising a number of on-premises technologies. All this demands complex integration of different technologies.
Cliqr’s CloudCenter platform claims to address this complexity by allowing enterprise users to create a single application profile which can be deployed across data centre, public or private cloud.
“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 realize the promise of the cloud and easily manage the lifecycle of their applications on any hybrid cloud environment,” said Rob Salvagno, the vice president of Cisco Corporate Development, in a company statement.
The acquisition is likely to close by the end of April. Cisco has already integrated CliQr’s technology with its own data centre switching and cloud solutions. CliQr’s workforce will join Cisco’s Insieme business unit and will report to Prem Jain, Senior Vice President and General Manager. The $260 million payment will be made in cash as well as “assumed equity awards,” said Cisco in its statement. The acquisition provides Cisco with significant competitive advantage.