Cisco today announced a $310 million deal in which it has acquired the privately held Ubiquisys, headquartered in Swindon, UK. The company specializes in offering intelligent 3G and long-term evolution (LTE) small-cell technologies providing seamless connectivity across mobile across mobile heterogeneous networks for service providers. The move will certainly help Cisco to boosts its mobile service and will lead towards delivering more 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, senior vice president and general manager, Cisco Mobility Business Group. “By acquiring Ubiquisys, we are expanding on our current 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. For service providers, Ubiquisys supports cost effective coverage and capacity that delivers a differentiated customer experience.”
Once the acquisition got completed, the Ubiquisys employees will be absorb into the Cisco Service Provider Mobility Group, and will report to Partho Mishra, vice president and general manager, Service Provider Small Cell Technology Group. Cisco will pay approximately $310 million in cash and retention-based incentives to acquire the complete business and operations of Ubiquisys. The acquisition is expected to close in the fourth quarter of Cisco’s fiscal year 2013.