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CliQr's groundbreaking technology makes it fast and efficient for businesses to move, manage and secure applications onto any private, public or hybrid cloud environment.

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Bidness: Cisco Systems Inc Buys Out Israeli Networking Chipmaker Leaba Semiconductor

Just a day before Leaba’s acquisition, Cisco announced that it had purchased CliQr Technologies for $260 million. CliQr develops computer based solutions that allow enterprises to manage data both internally or outside on cloud servers. Both these acquisitions could be a part of another buyout spree by Cisco, considering that the company has many times in the past bought start-ups to develop some of its most profitable segments.

To read more, see the full article at Bidness

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