Cisco Acquires Management Software for $31 million
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Cisco announced today its intention to acquire the AXIOSS Software assets from its parent company Comptel Corporation (NASDAQ OMX). AXIOSS develops a fulfillment platform for service providers that will help to expand Cisco's overall management offerings.
Cisco is paying $31 million in cash and the deal is expected to close in the third quarter of 2011. Once the deal is closed, AXIOSS employees will be integrated into the Cisco network management (CiscoNMTG) and Advanced Services Group.
"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," Jesper Andersen, senior vice president and general manager, Network Management Technology Group (NMTG) at Cisco said in a statement.