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Cisco to buy software firm IMImobile in $730 million deal

FILE PHOTO: The Cisco Systems logo is seen as part of a display at the Microsoft Ignite technology conference in Chicago, Illinois, U.S., May 4, 2015. REUTERS/Jim Young

STOCKHOLM (Reuters) - Cisco has agreed to buy London-based cloud communications software company IMImobile PLC for 595 pence per share in cash in a deal valued at about $730 million, including debt.

IMImobile provides software and services to businesses to connect with customers through interactive channels including social, messaging and voice.

Reporting by Supantha Mukherjee, European Technology & Telecoms Correspondent, based in Stockholm, Editing by Johannes Hellstrom

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