Cisco wraps up $730m acquisition of IMImobile

Cisco wraps up $730m acquisition of IMImobile

Cisco has wrapped up its previously announced $730 million acquisition of IMImobile, a UK-based provider of cloud communications software and services. As per the deal signed in December 2020, the US technology conglomerate paid 595 pence per share for the acquisition, which included the debt of IMImobile. Jay Patel – IMImobile CEO, commenting on Cisco […]

Cisco to acquire cloud communications software firm IMImobile for $730m

Cisco to acquire cloud communications software firm IMImobile for $730m

US technology conglomerate Cisco has agreed to acquire UK-based cloud communications software and services provider IMImobile for 595 pence per share or nearly $730 million in cash, including debt of the latter. IMImobile caters to enterprises and organizations with software and services which enable them to constantly stay connected to their customers via improved interactive […]