Cisco Acquired IMImobile in $730M Deal
Cisco has acquired IMImobile in the hopes of creating “faster and smarter” customer engagement solutions for enterprise clients.
Announced on Monday, Cisco says the agreement will lead to the creation of Customer Experience as a Service (CXaaS) offerings designed to “deliver consistently enjoyable and rich customer experiences.”
“Together with IMImobile, Cisco will be able to provide an end-to-end customer interaction management solution, and the ability to drive faster and smarter interactions and orchestration through the customer’s channel of choice,” the tech giant added.
Under the terms of the deal, Cisco will pay 595 pence per share. Based on a £ – $ conversion rate of 1.3438, this amounts to a purchase price of roughly $730 million, net of cash and including debt.
