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Cisco Systems (NASDAQ:CSCO): Current Price $20.78
Cisco Systems (NASDAQ:CSCO) disclosed today its intentions to buy Intucell, an Israeli provider of self optimising network (NYSE:SON) software that enables mobile operators to automatically manage their cellular networks during real-time in tune with fluctuating network demands. Cisco would pay $475 million in cash and retention-based incentives for the company. “Through the addition of Intucell’s industry-leading SON technology, Cisco’s service provider mobility portfolio provides operators with unparalleled network intelligence and the unique ability to not only accommodate exploding network traffic, but to profit from it,” said Kelly Ahuja, Senior Vice President and general manager, Cisco Service Provider Mobility Group.