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  •    
    Cisco to acquire Israeli startup Intucell for $475m

     

    For about $475m, networking hardware giant Cisco is to acquire privately held network software provider intucell. The intucell, headquartered in Ra’anana, Israel was founded in 2008 and provides self-optimising network software for carriers , enabling them to adjust their cellular grid to maximize mobile traffic speeds by managing and optimizing spectrum. The deal will add to Cisco’s growing portfolio in network management. The deal will add to Cisco’s growing portfolio in network management. The firm acquired device management software provider ClearAccess and network data analysis software provider Truviso.

    Hilton Romanski, the vice-president head or corporate business development at Cisco stated that the acqusition would add to the company’s product suite at a time when mobile use is growing exponentially. He said that this acquisition will allow Cisco to extend network intelligence and tightly align different software elements¬† across their product portfolio. It also reinforces their commitment to service customers and strengthens their expertise in mobility.

    He also added that the mobile service providers continue to face increased end user demand. The need to dynamically manage network bandwidth, usage and services is increasing. The intucell’s SON software platform addresses the challenges by examining the network, identifying issues and intelligently managing network traffic in real time. With the Cisco’s service provider mobility group and report to Shailesh Shukla, vice-president and general manager of the software and applications group. The Csico will pay about $475m in cash and retention based incentives to acquire the whole business and operations of Intucell. The acquisition is expected to close in the the quarter of Cisco
    ‘s fiscal year 2013, subject to regulatory approval.

    REFERENCES:

    http://www.computing.co.uk/ctg/news/2238804/cisco-to-acquire-israeli-startup-intucell-for-usd475m