M&A Deal Summary

Cisco Systems Acquires IMImobile

On December 6, 2020, Cisco Systems acquired software company IMImobile for 730M USD

Acquisition Highlights
  • This is Cisco Systems’ 85th transaction in the Software sector.
  • This is Cisco Systems’ 21st largest (disclosed) transaction.
  • This is Cisco Systems’ 9th transaction in the United Kingdom.

M&A Deal Summary
Date 2020-12-06
Target IMImobile
Sector Software
Buyer(s) Cisco Systems
Deal Type Add-on Acquisition
Deal Value 730M USD

Target

IMImobile

London, United Kingdom
IMImobile is a technology company providing software and services to businesses that capitalize on the growth in mobile communication. Its services, delivered in over 60 countries in Europe, the Americas, MEA, and India, help its clients to engage and transact with their customers more efficiently through smarter mobile engagement. IMImobile was founded in 1999 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Cisco Systems

San Jose, California, United States
Category Company
Founded 1984
Sector Technology Hardware
Employees84,900
Revenue 57.0B USD (2023)
DESCRIPTION
Entrance to Cisco's corporate campus in San Jose, California.
Entrance to Cisco's corporate campus in San Jose, California.

Cisco Systems designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. Cisco provides a broad line of products for transporting data, voice, and video within buildings, across campuses, and around the world. The Company's products are designed to transform how people connect, communicate, and collaborate, and are installed at enterprise businesses, public institutions, telecommunications companies and other service providers, commercial businesses, and personal residences. Cisco was founded in 1984 and is based in San Jose, California.

DEAL STATS #
Overall 215 of 223
Sector (Software) 85 of 88
Type (Add-on Acquisition) 207 of 215
Country (United Kingdom) 9 of 9
Year (2020) 4 of 5
Size (of disclosed) 21 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-25 BabbleLabs

Campbell, California, United States

BabbleLabs, Inc. uses advanced AI (Artificial Intelligence) techniques to distinguish human speech from unwanted noise, enhancing the quality of communications and conferencing applications. BabbleLabs is based in Campbell, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Slido s.r.o

Bratislava, Slovakia

Slido s.r.o. is a technology company that provides an audience interaction platform. Slido technology enables higher levels of user engagement―before, during and after meetings and events.

Buy -
Mergr

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