Cisco, led by CEO John Chambers, will absorb Ubiquisys employees into its service provider mobility group and they will report to Partho Mishra, vice president and general manager for Cisco's service provider small cell technology group. The deal should close by July 27, the end of Cisco's fiscal fourth quarter.
Cisco bought Ra'anana, Israel, networking software company Intucell Ltd. for $475 million on Jan. 23. It then bought Prauge-based cybersecurity company Cognitive Security on Jan. 29 and Vienna cloud service company SolveDirect on March 25, both for undisclosed terms. Cisco said the Ubiquisys acquisition complements the Intucell purchase.
A Ubiquisys spokeswoman declined comment on Wednesday's deal.
Written by Thomas Zadvydas in New York