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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.


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