ChannelBiz: Cisco to acquire hybrid cloud management player CliQr for $260m
Cisco is acquiring CliQr Technologies for its application-defined cloud orchestration platform. CliQr’s technology is used to model, deploy and manage applications across bare metal, virtualised and container environments. Cisco will pay $260 million in cash and assumed equity awards for CliQr, plus retention based incentives. The acquisition is expected to close in the third quarter of fiscal year 2016.
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