Swindon-based mobile tech firm sold to US giant for $310m
Cisco announces plans to acquire Ubiquisys in an effort to push mobile networking drive
US multinational technology corporation Cisco has announced plans to buy privately-held UK mobile technology developer Ubiquisys.
The $310m deal will see Ubiquisys employees integrated into the Cisco Mobility Business Group.
Based in Swindon, Ubiquisys develops 3G and LTE (Long-Term Evolution) small cell technology that adapts to its surroundings to offer flawless mobile connectivity to service providers in areas where it is not possible to build radio masts.
It is hoped that the deal, which follows on from Cisco’s recent acquisition of Israeli mobile technology firm Intucell and Colorado-based company BroadHop, will help Cisco as it strives to expand into the mobile networking sector.
The cash deal includes incentives paid to retain the Ubiquisys team, including founder Will Franks, who developed the firm in 2004.
Ubiquisys is expected to close the deal with network technology group Cisco in July.