Cisco Closes Its $730M Buy of Cloud Company IMImobile

Cisco completed its all-stock acquisition of cloud company IMImobile for $730 million, said Cisco Friday. The companies will work together “over time” to integrate IMImobile’s products into Cisco’s, blogged Cisco Contact Center Vice President Omar Tawakol Friday. The two teams for the interim will function “separately” under his watch “in the spirit of supporting IMImobile’s existing strategic ambitions,” he said.