[May 24, 2013] Cisco Systems acquires Ubiquisys Tweet May 24, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- Cisco Systems, Inc., a US-based designer, manufacturer and seller of internet protocol-based networking and other products, has acquired Ubiquisys, Ltd., a UK-based developer of 3G femtocells, for approximately $310 million in cash and retention-based incentives. Announcement (April 3, 2013): Cisco has agreed to acquire Ubiquisys for approximately $310 million in cash and retention-based incentives. Earlier, Ubiquisys had secured venture financing from Mobile Internet Capital, Inc., Nissay Capital Co., Ltd., 5 Continents Consulting Group, Accel Partners, Advent Venture Partners LLP, Atlas Venture and Yasuda Enterprise Development Co., Ltd., Pacific Venture Partners and T-Mobile Venture Fund. The acquisition is expected to close in the fourth quarter of fiscal year 2013. Fenwick & West LLP is acting as legal advisor and Morgan Stanley is acting as financial advisor to Cisco. Deal Value (US$ Million) 310 Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Completed: 2013-05-24 Deal Participants Target (Company) Ubiquisys, Ltd. Acquirer (Company) Cisco Systems, Inc. Vendor (Company) Undisclosed Vendors Deal Rationale The acquisition strengthens Cisco's mobility expertise to deliver more intelligent mobile Internet networks. The acquisition of Ubiquisys exemplifies Cisco's innovation framework based on a build, buy and partner approach. The acquisition also complements Cisco's mobility strategy along with the recent acquisitions of BroadHop and Intucell, reinforcing in-house research and development such as service provider Wi-Fi and licensed radio. Ubiquisys' indoor small-cell expertise and software for licensed 3G and LTE spectrum, coupled with Cisco's mobility portfolio and Wi-Fi expertise, will enable a small-cell solution for service providers that support the transition to next-generation radio access networks. [ Back To TMCnet.com's Homepage ]