US networking equipment maker Cisco Systems Inc (NASDAQ:CSCO) has sealed a deal to acquire Israeli self-optimising network (SON) software firm Intucell Ltd for about USD475m (EUR356.3m) in cash and retention-based incentives.
The takeover would help Cisco to bolster its commitment to global service providers by adding a crucial network intelligence layer to ultimately optimise the quality of mobile experience, the buyer said in a statement on Wednesday.
The transaction is scheduled for completion in the third quarter of the buyer’s fiscal 2013. It is awaiting relevant regulatory nods.
Intucell develops SON software that allows mobile carriers to plan, configure, manage and improve cellular networks automatically. Following the acquisition, the business’ employees will become part of Cisco’s Service Provider Mobility Group.