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Cisco Announces Intent to Acquire Intucell
SAN JOSE, CA, Jan 23, 2013 (MARKETWIRE via COMTEX) --
Cisco (NASDAQ: CSCO) today announced its intent 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. 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.
The proliferation of connected mobile devices, faster network speeds,
and growing demand for high-bandwidth applications and services are
driving greater network traffic and complexity. As mobile service
providers continue to face increased end-user demand, the need to
optimize network bandwidth, usage and services is increasing.
Intucell's SON software platform addresses these challenges by
examining the network, identifying issues in real time, and
intelligently adapting the network to meet demand.
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.
"The mobile network of the future must be able to scale intelligently
to address growing and often unpredictable traffic patterns, while
also enabling carriers to generate incremental revenue streams," said
Kelly Ahuja, senior vice president and general manager, Cisco Service
Provider Mobility Group. "Through the addition of Intucell's
industry-leading SON technology, Cisco's service provider mobility
portfolio provides operators with unparalleled network intelligence
and the unique ability to not only accommodate exploding network
traffic, but to profit from it."
The acquisition of Intucell exemplifies Cisco's innovation framework
and supports Cisco's five foundational priorities to lead the market
in networking across all customer segments. The acquisition is
well-aligned to Cisco's goals of developing and delivering innovative
network and software technologies.
Upon the close of the acquisition, Intucell employees will be
integrated into Cisco's Service Provider Mobility Group, reporting to
Shailesh Shukla, vice president and general manager, Software and
Applications 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, subject to customary closing conditions, including
applicable regulatory approvals.
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.
Cisco and the Cisco logo are trademarks or registered trademarks of
Cisco and/or its affiliates in the U.S. and other countries. A
listing of Cisco's trademarks can be found at
www.cisco.com/go/trademarks. Third-party trademarks mentioned are the
property of their respective owners. The use of the word partner does
not imply a partnership relationship between Cisco and any other
company.
Forward-Looking Statements
This press release may be deemed to contain forward-looking
statements, which are subject to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, including the
expected completion of the acquisition and the time frame in which
this will occur, the expected benefits to Cisco and its customers
from completing the acquisition, and plans regarding Intucell
personnel. Readers are cautioned that these forward-looking
statements are only predictions and may differ materially from actual
future events or results due to a variety of factors, including,
among other things, the potential impact on the business of Intucell
due to the uncertainty about the acquisition, the retention of
employees of Intucell and the ability of Cisco to successfully
integrate Intucell and to achieve expected benefits, business and
economic conditions and growth trends in the networking industry,
customer markets and various geographic regions, global economic
conditions and uncertainties in the geopolitical environment and
other risk factors set forth in Cisco's most recent reports on Form
10-K and Form 10-Q. Any forward-looking statements in this release
are based on limited information currently available to Cisco, which
is subject to change, and Cisco will not necessarily update the
information.
RSS Feed for Cisco: http://newsroom.cisco.com/rss-feeds
Press Contact:
Robyn Jenkins-Blum
408-853-9848
rojenkin@cisco.com
Industry Analyst Contact:
Ben Culp
949-823-3787
beculp@cisco.com
Investor Relations Contact:
Carol Villazon
408-527-6538
carolv@cisco.com
SOURCE: Cisco
mailto:rojenkin@cisco.com
mailto:beculp@cisco.com
mailto:carolv@cisco.com
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