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Cisco Systems Inc Announces Intent to Acquire Intucell


Wednesday, 23 Jan 2013 08:00am EST 

Cisco Systems Inc announced that it intents to acquire privately held Intucell. Headquartered 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. Upon the close of the acquisition, Intucell employees will be integrated into Cisco's Service Provider Mobility Group. Under the terms of the agreement, Cisco will pay approximately $475 million in cash and retention-based incentives to acquire the entire business and operations of Intucell. The acquisition is expected to close in the third quarter of Cisco's fiscal year 2013. 

Company Quote

23.51
0.58 +2.53%
21 Oct 2014