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Cisco to buy Israel-based software maker for $475 million
A sign marking a Cisco office is pictured in San Diego, California November 12, 2012.
Credit: Reuters/Mike Blake
(Reuters) - Cisco Systems Inc said it will buy Israeli software maker Intucell for about $475 million in cash to expand its mobile network management offerings.
Privately held Intucell makes software that helps mobile carriers manage cellular networks automatically.
(Reporting by Supantha Mukherjee in Bangalore; Editing by Maju Samuel)
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Comments (2)
Burns0011 wrote:
I thought Cisco Systems was focusing on their core business, not looking to expand.
Infantization wrote:
Mobility is one of Cisco’s core businesses. They purchased Starent Networks ~3 years ago for almost 3 Billion to make it one.
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