Cisco announced the intent to acquire CliQr Technologies, a privately held company based in San Jose.
CliQr provides an application-defined cloud orchestration platform to model, deploy and manage applications across bare metal, virtualized and container environments.
“This acquisition will help Cisco customers simplify and accelerate their private, public and hybrid cloud deployments,” Cisco said in a press statement.
CliQr is already integrated with a number of Cisco’s data center switching and cloud solutions.
CliQr provides customers with a single, intuitive platform that helps customers manage the entire application lifecycle across hybrid IT environments, whether simple or complex.
“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,” said Rob Salvagno, vice president, Cisco Corporate Development.
The CliQr team will join Cisco’s Insieme Business Unit reporting to Prem Jain, senior vice president and general manager.
Under the terms of the agreement, Cisco will pay $260 million in cash and assumed equity awards, plus retention based incentives. The acquisition is expected to close in the third quarter of fiscal year 2016, subject to customary closing conditions.