Cisco Buys CliQr for $260 Million

Cisco Buys CliQr for $260 Million

At its Partner Summit 2016, Cisco announced that it is buying cloud orchestration vendor CliQr for $260 million. CliQr’s flagship product is called CloudCenter, and it provides enterprises with a platform for managing the application lifecycle in the cloud.

“Customers today have to manage a massive number of complex and different applications across many clouds,” Rob Salvagno, vice president of corporate development at Cisco, said. “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.”

CliQr’s employee’s will become part of Cisco’s Insieme Business Unit, and Cisco plans to integrate CliQr technology into its data center products.

View article

See also  20 Real-World Examples of Embedded Systems

About Our Editorial Process

At DevX, we’re dedicated to tech entrepreneurship. Our team closely follows industry shifts, new products, AI breakthroughs, technology trends, and funding announcements. Articles undergo thorough editing to ensure accuracy and clarity, reflecting DevX’s style and supporting entrepreneurs in the tech sphere.

See our full editorial policy.

About Our Journalist