Cisco agrees to acquire IMImobile for $730 million

Cisco is stated to obtain high-tech technologies to get UK-based cloud communications company IMImobile, Which has agreed to acquire IMImobile at $730 million.

The deal could be wrapped up in the first quarter of 2021 and value roughly $730 million. This implies Cisco will compensate 596 pence for every IMImobile share. Cisco Systems Inc has announced a partnership arrangement with IMImobile to boost up its objective of ensuring a successful, quality, and more consistent consumer experience.

IMImobile offers companies services and software to connect with customers through different interactive channels like messaging, social, and voice by providing relevant software and solutions. They handle business-critical customer interaction by delivering cloud communication solutions and applications for this function.

The goals of IMI mobile that attracted Cisco to acquire it

In an attempt to present for customers to enjoy their connections into the ending using a variety of companies, IMImobile is charged with making sure the entire process gets faster and more affordable, and this affected Cisco to get the company to accelerate its own objectives.

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The Cisco Security Program Business’ Senior Vice President and General Manager Jeetu Patel at a statement demonstrated their urge and desire to work together with IMImobile to guarantee extensive CXaaS alternatives are supplied for the marketplace. On the other hand, Jay Patel, the CEO of IMImobile, expressed his enthusiasm to operate with Cisco since they want to give a high quality and consistent customer experience. Based on reports, the IMImobile board of directors has obtained a recommendation of the offer submitted by Cisco.