Cisco strikes $310 million deal to acquire Ubiquisys
04 April 2013 |
Cisco is to acquire privately-owned technology provider Ubiquisys, for approximately $310 million.
UK-based Ubiquisys provides 3G and LTE small cell technologies to service providers, and the acquisition is said to be catered towards strengthening Cisco’s ability to deliver intelligent mobile internet networks.
“Cisco is ‘doubling down’ on its small cell business to accelerate strong momentum and growth in the mobility market,” said Kelly Ahuja, SVP and general manager at Cisco Mobility Business Group.
“By acquiring Ubiquisys, we are expanding on our mobility leadership and our end-to-end product portfolio, which includes integrated, licensed and unlicensed small cell solutions that are tightly coupled with SON, backhaul, and the mobile packet core.”
Cisco further hopes the integration of small cell networks will be a lucrative way to increase capacity and better utilise spectrum assets.
“For service providers, Ubiquisys supports cost effective coverage and capacity that delivers a differentiated customer experience,” Ahuja said.
Under terms of the agreement, Ubiquisys’ employees will move across to the Cisco Mobility Business Group, headed by Partho Mishra, VP and general manager of the Service Provider Small Cell Technology Group at Cisco, and the acquisition is expected to complete in Q4 of Cisco’s fiscal year 2013.
Cisco acquired BroadHop, a Colorado-based technology provider, in December last year.
15h | Natalie Bannerman
15h | James Pearce
15h | Jason McGee-Abe
16h | Natalie Bannerman