Cisco Systems (NASDAQ:CSCO): Current price $20.78
Cisco will purchase the privately-held Intucell which is headquartered in Ra’anana, Israel. The firm supplies advanced self-optimizing network software that allows mobile carriers to plan, configure, manage, optimize and repair cellular networks automatically and according to real-time changing network requirements. Through the acquisition terms, Intucell employees will be joined into Cisco’s Service Provider Mobility Group, reporting to Vice President and General Manager Shailesh Shukla, Software and Applications Group. Further, Cisco will pay about $475 million in cash and retention-based incentives so as to take over the entire business and operations of Intucell. The transaction should close in the third quarter.