[Techtaffy Newsdesk]
Cisco is acquiring privately-held Intucell, for approximately $475 million in cash and retention-based incentives.
Headquartered in Ra’anana, Israel, Intucell provides advanced self-optimizing network (SON) software, which enables mobile carriers to plan, configure, manage, optimize and heal cellular networks automatically, according to real-time changing network demands.
Kelly Ahuja (Senior vice president and general manager, Service Provider Mobility Group, Cisco): The mobile network of the future must be able to scale intelligently to address growing and often unpredictable traffic patterns, while also enabling carriers to generate incremental revenue streams.
Upon the close of the acquisition, Intucell employees will be integrated into Cisco’s Service Provider Mobility Group, reporting to Shailesh Shukla, vice president and general manager, Software and Applications Group.
The acquisition is expected to close in the third quarter of Cisco’s fiscal year 2013, subject to customary closing conditions, including applicable regulatory approvals.