Cisco Announces Intent to Acquire AXIOSS Software Assets
Cisco today announced its intent to acquire AXIOSS software assets that is designed to allow Cisco to Enable Service Providers to Generate New Revenue Opportunities.
SAN JOSE, Calif., READING, United Kingdom, HELSINKI, Finland – August 21, 2011 – Cisco today announced its intent to acquire service fulfillment software assets and associated employees from the UK subsidiary (formerly Axiom Systems) of parent company Comptel Corporation (NASDAQ OMX Helsinki: CTL1V). The acquisition will enable Cisco to extend network and service management technologies across its next-generation Internet Protocol (IP) network platforms and enable service providers to more quickly and efficiently launch new video, data, mobility and cloud services to their customers.
“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,” said Jesper Andersen, senior vice president and general manager, Network Management Technology Group (NMTG), Cisco. “With the acquisition of AXIOSS software and talent, we will help enable service providers to generate greater profits using a single management architecture to drive quick monetization and optimization of their Cisco network investments.”
Cisco will acquire the AXIOSS software suite, a fulfillment platform that strengthens the Cisco service provider management offering by automating ordering and fulfillment. The software will provide management capabilities for network services across Cisco’s five company priorities, and it will enhance Cisco Prime, which enables service providers to better manage their networks and network services. By integrating service management and fulfillment capabilities into Cisco Prime, Cisco continues to demonstrate its commitment to innovate around the convergence of services and networks.
“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.”
The AXIOSS software suite has already been integrated into the Cisco managed services solutions. The Cisco Advanced Services operational support systems practice will offer implementation, customization and integration services for the Cisco Prime fulfillment platform as a result of the acquisition.
The AXIOSS team will bring strong software development and professional services skills to support the Cisco Prime platform. Upon the close of the acquisition, the AXIOSS team will be integrated into the Cisco NMTG and Cisco Advanced Services Group.
Under the terms of the agreement, Cisco will pay approximately $31 million in cash for the acquisition. The acquisition is subject to various standard closing conditions and is expected to be complete in the third quarter of calendar year 2011.
Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com
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