Networking giant Cisco has agreed to acquire femtocell and small cell manufacturer Ubiquisys for $310 million in a nearly all-cash deal, the company announced today.
Ubiquisys sells various femtocells and small cells that help boost 3G and LTE reception in residential and business buildings, so it will help Cisco make further inroads with mobile carriers, consumers, and enterprises. The company believes that the Ubiquisys buy will complement its recent purchases of mobile-focused startups BroadHop and Intucell.
“Cisco is ‘doubling down’ on its small cell business to accelerate strong momentum and growth in the mobility market,” Cisco SVP Kelly Ahuja said in a statement. “By acquiring Ubiquisys, we are expanding on our current mobility leadership and our end-to-end product portfolio, which includes integrated, licensed, and unlicensed small cell solutions that are tightly coupled with SON, backhaul, and the mobile packet core. For service providers, Ubiquisys supports cost effective coverage and capacity that delivers a differentiated customer experience.”
The company will offer retention-based incentives to acquire Ubiquisys’ employees and operations. Ubiquisys employees will be integrated into the Cisco Service Provider Mobility unit.
Cisco expects the deal will close in the fourth quarter of its fiscal year 2013.
Top photo via Ubiquisys