Cisco Acquires CliQr Technologies for $260,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=63786e98-714a-42ed-a371-0d24fae741b5
Date
3/1/2016
Company Name
CliQr Technologies
Mailing Address
3255-1 Scott Blvd Santa Clara, CA 95054 USA
Company Description
CliQr Technologies is setting the stage for the next generation of cloud computing. CliQr enables existing business applications to fluidly move to and between any private, public or hybrid cloud without migration time and expense.
Website
http://www.cliqr.com
Transaction Type
M&A
Transaction Amount
$260,000,000
Transaction Round
Proceeds Purposes
M&A Terms
Cisco will pay $260 million in cash and assumed equity awards, plus retention based incentives.