Cisco Completes Acquisition of Ubiquisys
Update: Cisco has acquired Ubiquisys (May 24, 2013)
SAN JOSE, Calif. – May 24, 2013 – Cisco today announced it has completed the acquisition of privately held Ubiquisys. Headquartered in Swindon, U.K., Ubiquisys is a leading provider of intelligent 3G and long-term evolution (LTE) small-cell technologies that provide seamless connectivity across mobile heterogeneous networks for service providers.
Ubiquisys' indoor small-cell expertise and focus on intelligent software for licensed 3G and LTE spectrum, coupled with Cisco's mobility portfolio and Wi-Fi expertise, will enable a comprehensive small-cell solution for service providers that supports the transition to next-generation radio access networks.
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. Under the terms of the agreement, Cisco is paying approximately $310 million in cash and retention-based incentives to acquire the entire business and operations of Ubiquisys.
About Cisco
Cisco is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. For ongoing news, please go to http://thenetwork.cisco.com.
|
Related News
Breaking News
- Tenstorrent Expands Deployment of Arteris' Network-on-Chip IP to Next-Generation of Chiplet-Based AI Solutions
- Siemens' Tessent In-System Test software enables advanced, deterministic testing throughout the silicon lifecycle
- EnSilica plc - Audited Full Year Results for the Year Ended 31 May 2024
- Logic Design Solutions launches Gen4 NVMe host IP
- ULYSS1, Microcontroller (MCU) for Automotive market, designed by Cortus is available
Most Popular
- Arm's power play will backfire
- Siemens strengthens leadership in industrial software and AI with acquisition of Altair Engineering
- Sondrel announces CEO transition to lead next phase of growth
- M31 is partnering with Taiwan Cooperative Bank to launch an Employee Stock Ownership Trust to strengthen talent retention
- ULYSS1, Microcontroller (MCU) for Automotive market, designed by Cortus is available
E-mail This Article | Printer-Friendly Page |