Cisco will acquire Axioss service fulfillment software from Comptel Corporation of Finland for EUR 21.3 million (US$31 million) in cash.
The software, which was developed by Axiom Systems, helps service providers to more quickly and efficiently launch new video, data, mobility and cloud services to their customers.
As part of the deal, Cisco is also taking on some personnel related to the Axioss assets, mainly based in the UK. Mr Gareth Senior, Comptel CTO and member of the Executive Board, will also be transferring to Cisco.
"Through the acquisition of AXIOSS software and talent we will be investing in a unique set of technology and skills in the UK that will be a valuable addition to Cisco's network management portfolio," said Jordi Ferrer, managing director, UK Service Provider and Media, Cisco. "Cisco will deliver network management technology and services that will help service providers significantly increase the speed and lower the costs of delivering a wide range of voice, video and data services to their customers." http://www.cisco.com http://www.comptel.com
- Cisco's 2011 acquisitions include newScale for Self-Service Portal Software (March), Inlet for Digital Media Processing (February 2011) and Pari Networks for Security Alert Compliance (January).
