Cisco acquires UK assets

Electronics business Cisco has agreed to acquire software assets and employees from the UK subsidiary of partner company Comptel in a deal worth €21.3 million (£18.6 million).


Electronics business Cisco has agreed to acquire software assets and employees from the UK subsidiary of partner company Comptel in a deal worth €21.3 million (£18.6 million).

Electronics business Cisco has agreed to acquire software assets and employees from the UK subsidiary of partner company Comptel in a deal worth €21.3 million (£18.6 million).

The purchase, for UK-based Axioss, will enable Cisco to extend its network and service management technologies across its IP network platforms.

Under the terms of the deal, California-headquartered Cisco is to acquire the Axioss software suite, a purchase that will be integrated into Cisco Prime.

Jesper Andersen, senior vice president and general manager of Network Management Technology Group (NMTG) at Cisco, comments: ‘As more users, connected mobile internet devices and bandwidth intensive applications drive the explosive growth in IP-based networks, service providers continue to invest in their infrastructure to support customers needs.’

Axioss is a system developed by Axiom Systems, a company which Comptel acquired in 2008. The Axioss team will be integrated into the Cisco NMTG and Cisco Advanced Services Group.

Juhani Hintikka, president and chief executive officer of Comptel, adds: ‘This is a great deal for Comptel. It underlines our technology leadership.

‘This does not change our fulfillment strategy, which is to achieve growth and the market-leader position for convergent telecom service providers.’

Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital. Connect with...

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