Some more consolidation underway in the world of enterprise cloud services, and specifically in the area of hybrid cloud. Today Cisco announced that it is buying CliQr, a provider of application management solutions for hybrid cloud environments, for $260 million in cash and equity awards.
The deal, which is expected to close in Q3 of this year, will see the CliQr team become a part of Cisco’s Insieme business unit reporting to Prem Jain. CliQr was already working with Cisco, with the company’s solutions integrated across several of Cisco’s data center switching and cloud solutions, the company said.
CliQr had raised just over $38 million from investors that include Google Ventures, Foundation Capital, InstantScale Ventures, Polaris Partners and Translink Capital. CliQr, based out of San Jose, was founded in 2010 but only came out of stealth in 2012.
While many businesses today are moving services off their own servers and into cloud-based evironments, more often than not enterprises are taking a combined approach using on-premise, cloud and third-party servers to run their IT. This is leading to a lot of M&A activity in the hybrid cloud space but also companies organically expanding their service offerings in this field to meet customer demands.
CliQr’s approach, as Cisco describes it, is to provide customers with a single platform, called the CloudCenter, to manage applications across hybrid IT environments. The idea with CliQr is that it’s meant to grow with the business’s own gradual move to the cloud by making it easy to move application by application into a cloud environment, making it an attractive upsell.
Cisco says it will keep CliQr operational as it is today and integrate it further into its data center business.
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