Cisco (NASDAQ: CSCO) is to acquire venture-backed Ubiquisys, a Swindon, UK-based provider of intelligent 3G and long-term evolution (LTE) small-cell technologies that provide connectivity across mobile heterogeneous networks for service providers, for approximately $310m.
The acquisition will allow Cisco to add Ubiquisys’ indoor small-cell expertise and focus on intelligent software for licensed 3G and LTE spectrum to its mobility portfolio and Wi-Fi expertise and provide a comprehensive small-cell solution for service providers that supports the transition to next-generation radio access networks. The deal also complements Cisco’s mobility strategy along with the recent purchases of BroadHop and Intucell, reinforcing in-house R&D such as service provider Wi-Fi and licensed radio.
Upon the close of the acquisition, which is expected to close in the fourth quarter of Cisco’s fiscal year 2013, subject to customary closing conditions, the Ubiquisys employees will be integrated into the Cisco Mobility Business Group, reporting to Partho Mishra, vice president and general manager, Service Provider Small Cell Technology Group.
Beyond the above mentioned cash, Cisco will also pay in retention-based incentives to acquire the entire business and operations of Ubiquisys.
FinSMEs
07/04/2013
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