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Tuesday, February 26, 2013

Cisco Acquisition of Intucell Completed

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Cisco reported QE January 2013 financial results on February 13

Cisco Completes Acquisition of Intucell

SAN JOSE, CA -- (Marketwire) -- 02/25/13 -- Cisco (NASDAQ: CSCO) today announced it has completed its acquisition of privately held Intucell, based in Ra'anana, Israel. Intucell provides advanced self-optimizing network (SON) software, which enables mobile carriers to plan, configure, manage, optimize and heal cellular networks automatically, according to real-time changing network demands. The acquisition of Intucell enhances Cisco's commitment to global service providers by adding a critical network intelligence layer to manage and optimize spectrum, coverage and capacity, and ultimately the quality of the mobile experience.

With the evolution of LTE 4G networks, mobile operators are increasingly looking for a more cost effective and efficient way to keep up with demand for bandwidth and reduce complexity. Intucell enhances Cisco's ability to deliver next-generation solutions with a SON software platform that supports multi-application, multi-vendor and multi-technology capabilities and enables service providers to manage operational costs and make better use of infrastructure investments.

Intucell employees will be integrated into Cisco's Service Provider Mobility Group. Under the terms of the agreement, Cisco paid approximately $475 million in cash and retention-based incentives to acquire the entire business and operations of Intucell.

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com.

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