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Cisco wraps up purchase of Ubiquisys

Fri, 05/24/2013 - 1:29pm
Associated Press

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.

The deal was first announced last month

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