Cisco to Acquire Mobile Startup Intucell
Cisco today announced plans to buy Israeli company Intucell for approximately $475 million in cash and retention-based incentives.
Intucell provides self-optimizing network (SON) software to mobile carriers, which allows them to "plan, configure, manage, optimize and heal cellular networks automatically, according to real-time changing network demands."
Upon the closing of the acquisition, which is expected to happen in Cisco's third quarter of 2013, Cisco will integrate Intucell into its Service Provider Mobility (SPM) Group.
In a statement, senior vice president and general manager of Cisco SPM Kelly Ahuja said Intucell's SON technology would allow Cisco to provide operators with "the unique ability to not only accommodate exploding network traffic, but to profit from it."
Intucell is headquartered in Ra'anana, Israel and was founded in 2008.