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Cisco To Acquire Ubiquisys For $310M

By TechTaffy Desk

Ubiquisys

Cisco is acquiring privately held Ubiquisys, headquartered in Swindon, U.K. Ubiquisys is a provider of intelligent 3G and long-term evolution (LTE) small-cell technologies.

Upon the close of the acquisition, Ubiquisys employees will be integrated into the Cisco Service Provider Mobility Group, reporting to Partho Mishra, vice president and general manager, Service Provider Small Cell Technology Group.

Under the terms of the agreement, Cisco will pay approximately $310 million in cash and retention-based incentives to acquire the entire business and operations of Ubiquisys.

The acquisition is expected to close in the fourth quarter of Cisco’s fiscal year 2013, subject to customary closing conditions.

 

 

 

 

 

 

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