[May 24, 2013] Cisco completes $310 million purchase of Ubiquisys Tweet (Associated Press Via Acquire Media NewsEdge) Cisco Systems Inc. said Friday that it has completed a $310 million acquisition of Ubiquisys, a privately held cellphone technology company in the U.K. Cisco said that deal will combine the expertise of both companies to the benefit of service provider customers moving to next-generation radio access networks. Under the terms of the agreement, Cisco is paying $310 million in cash and retention-based incentives to acquire the entire business and operations of Ubiquisys. Ubiquisys employees will become part of the Cisco Mobility Business Group. Shares of networking equipment company Cisco fell a penny to $23.50 by midday, in line with broader market trends. (c) 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. [ Back To TMCnet.com's Homepage ]