Deals
Cisco Agrees to Buy Israel’s Intucell for About $475 Million
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Cisco Systems Inc., the world’s largest maker of networking equipment, agreed to buy Intucell Ltd. for about $475 million, gaining technology that helps wireless carriers manage their networks.
Cisco will pay cash and retention incentives to acquire the closely held company, which is based in Ra’anana, Israel, according to a statement today. The deal is expected to be completed in Cisco’s fiscal third quarter, which ends in April.