Cisco To Acquire IMImobile, for Approx. USD $730M

Cisco Blogs

Cisco (NASDAQ: CSCO) is to acquire IMImobile PLC (AIM: IMO), a provider of cloud communications software and services that manage business-critical customer interactions at scale.

The two companies reached agreement on the terms of a recommended cash offer pursuant to which Cisco will pay 595 pence per share in exchange for each share of IMImobile, or an aggregate purchase price of approximately USD $730m assuming fully diluted shares, net of cash and including debt.

The acquisition is subject to a number of conditions, including IMImobile shareholder approval and certain regulatory approvals, and is expected to close in the first quarter of calendar year 2021.

Upon completion of the transaction, the IMImobile team will join Cisco’s Contact Center business unit, led by Omar Tawakol, vice president and general manager, Cisco Contact Center, part of the Cisco Collaboration business.