(Bloomberg) -- Cisco Systems Inc., the largest maker of networking equipment, said it will acquire closely held Cliqr Technologies Inc., bolstering its offerings in the market for cloud computing management software and services.
Cliqr gives its customers the ability to control and analyze their software and data on their own servers, or if they rent space from public cloud providers such as Amazon.com Inc. Cisco will pay about $260 million for the 100-employee company, said Chief Executive Officer Chuck Robbins.
The acquisition is the latest move by Robbins to recast his San Jose, California-based company’s products in a way that better fits the changing market for networking and computing. Cisco, which has dominated the industry with its proprietary hardware and software, is opening up and adding new capabilities that help customers manage their computing needs in a more flexible way.
Adding Santa Clara, California-based Cliqr will help Cisco customers plan, monitor and control their computing resources in a unified way, regardless of whether they own their own hardware or are renting space they access over the Internet, Robbins said. Cisco last month announced it will purchase Jasper Technologies Inc. for $1.4 billion to increase its product offerings in the market for the Internet of Things technology that allows customers to connect and manage appliances, electronics and other items over the Web.
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