San Jose, Calif. — Network equipment giant Cisco said it will pay $31 million in cash to acquire the software assets and employees of Comptel’s U.K. subsidiary, formerly known as Axiom Systems.
Under the deal, expected to be completed in the third quarter, Cisco will acquire the Axioss software suite, a fulfillment platform that strengthens its service provider management offering by automating ordering and fulfillment.
“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,” said Jesper Andersen, the senior vice president and general manager of Cisco’s Network Management Technology Group (NMTG).
This article was also published in Bay Area Tech Wire.
Cisco press release – http://tinyurl.com/3eozeum
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