Cisco, a multinational technology conglomerate, completed the acquisition of IMImobile, a provider of cloud communications software and services, for $730m. Cisco paid $0.77 per share in exchange for each share of IMImobile. "We believe there will be a world of dynamic, always-on connections between global businesses and their customers and the combination of our respective technologies will enable to us make every interaction matter more for our clients," Jay Patel, IMImobile CEO.