O’Melveny Advises Cliqr in Agreement To Be Acquired by CiscoMarch 01, 2016
FOR IMMEDIATE RELEASE
SILICON VALLEY -- March 1, 2016 -- O’Melveny represented Cliqr Technologies in its agreement to be acquired by Cisco for US$260 million.
The O’Melveny team was led by partners Warren Lazarow and Brian Covotta, and included counsel Jeff Cislini, and associates Rebecca Cottrell, Jake Leraul, Andy Trafford, and Hao Wang. Additionally, partner Eric Amdursky, senior counsel Warren Fox, and associate Ashley Brown advised on employment matters; partners Andrew Dolak and Heather Meeker on intellectual property matters; partner Courtney Dyer on antitrust matters; partner Robert Fisher on tax matters; and partner Greta Lichtenbaum on compliance matters. The team also received valuable assistance from senior paralegal Suzette Clay.
About O’Melveny & Myers LLP
O’Melveny’s clients shapes markets, set precedents, and break boundaries. They are stalwarts and innovators, the names you trust and the next big thing. And for more than a century, O’Melveny has been right beside them, kicking down walls and putting up defenses to help our clients achieve their most important goals. With approximately 700 lawyers in 15 offices worldwide guided by the principles of excellence, leadership, and citizenship, we uphold a tradition of treating our clients’ challenges and opportunities as our own. What do you want to achieve? For the answers, please visit www.omm.com.
The following release was issued by Cisco:
SAN JOSE, Calif – March 1, 2016 – Today Cisco announced the intent to acquire CliQr Technologies Inc., 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. CliQr is already integrated with a number of Cisco’s data center switching and cloud solutions, including Cisco’s Application Centric Infrastructure (ACI) and Unified Computing System (UCS).
CliQr provides customers with a single, intuitive platform that helps customers manage the entire application lifecycle across hybrid IT environments, whether simple or complex. CliQr’s CloudCenter platform provides a compelling solution for modern IT organizations whether they are moving their first applications to the cloud, deploying self-service IT environments, or wanting to gain visibility and control across a vast portfolio of clouds, applications and users.
CliQr provides customers with several key benefits:
- Profile once, deploy anywhere: CliQr’s solution allows customers to create a single application profile that is simple and secure to deploy across any data center, public or private cloud.
- Ensure consistent policies: CliQr automatically applies a customer’s access control and security policies to an application, and then ensures that those policies move with the application.
- Optimize applications across hybrid cloud environments: CliQr will measure both price and performance of applications on any cloud environment, helping users to make informed decisions about the best place for their application on any data center or cloud.
- Manage with one-click: CliQr provides a single management interface to give customers complete visibility and control across applications, cloud environments and users.
- “Customers today have to manage a massive number of complex and different applications across many clouds,” said Rob Salvagno, vice president, Cisco Corporate Development. “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.”
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.
Cisco (NASDAQ: CSCO) is the worldwide technology leader that has been making the Internet work since 1984. Our people, products, and partners help society securely connect and seize tomorrow's digital opportunity today. Discover more at thenetwork.cisco.com and follow us on Twitter at @Cisco.
# # #
This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including the expected completion of the acquisition and the time frame in which this will occur, the expected benefits to Cisco and its customers from completing the acquisition, and plans regarding CliQr personnel. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, the potential impact on the business of CliQr due to the uncertainty about the acquisition, the retention of employees of CliQr and the ability of Cisco to successfully integrate CliQr and to achieve expected benefits, business and economic conditions and growth trends in the networking industry, customer markets and various geographic regions, global economic conditions and uncertainties in the geopolitical environment and other risk factors set forth in Cisco's most recent reports on Form 10-K and Form 10-Q. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.