Today Cisco announced the intent to acquire CliQr Technologies Inc., a privately held company based in San Jose, CA.
CliQr is one of the most promising startups in the Cloud Service Brokers (CSB) space, it’s homonymous solution supports many different technologies across public and private clouds including Amazon AWS, Microsoft Azure, Google Compute Engine, various OpenStack distribution, VMware vSphere, etc.
The company, founded in 2010, went through 3 funding rounds for a total of nearly $40M while Cisco will pay $260M to own it, does it worth the money?
Looking at the shopping behaviour of other big companies, we can intercept a strong interest in the CSBs space. Think about Gravitant acquisition made by IBM in November 2015 for example, we can say that Cisco did a good deal this time.
Rob Salvagno, VP, Cisco Corporate Development stated :
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.