Cisco Systems Acquires ScanR for $183,000,000

  • Feed Type
  • Date
    10/27/2009
  • Company Name
    ScanR
  • Mailing Address
    100 Hamilton Palo Alto, CA 94301
  • Company Description
    scanR develops applications that make it easy to capture information using camera phones. scanR’s services are based on proprietary image processing and data refinement technology and are designed to work with any mobile phone platform.
  • Website
    http://www.scanr.com
  • Transaction Type
    M&A
  • Transaction Amount
    $183,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the agreement, Cisco will pay approximately $183 million in cash and retention-based incentives.

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