Cisco Acquires Jasper Technologies for $1,400,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c1382b95-2dfd-4a23-aa6c-be9d14a8f52d
Date
2/3/2016
Company Name
Jasper Technologies
Mailing Address
189 North Bernardo Avenue Mountain View, CA 94043 USA
Company Description
Jasper Technologies is a one-stop shop for enterprises, OEMs, solution providers and operators who want to capitalize on a world of connected devices.
Website
http://www.jasper.com
Transaction Type
M&A
Transaction Amount
$1,400,000,000
Transaction Round
Proceeds Purposes
M&A Terms
Under the terms of the agreement, Cisco will pay $1.4 billion in cash and assumed equity awards, plus additional retention based incentives.