Cisco Announces Intent to Acquire Ubiquisys

Cisco Announces Intent to Acquire Ubiquisys 
Acquisition Further Strengthens Cisco's Mobility Strategy to Enable
More Intelligent Mobile Internet Networks for Service Providers 
SAN JOSE, CA -- (Marketwired) -- 04/03/13 --  Cisco (NASDAQ: CSCO)
today announced its intent to acquire privately held Ubiquisys,
headquartered in Swindon, U.K. Ubiquisys is a leading provider of
intelligent 3G and long-term evolution (LTE) small-cell technologies
that provide seamless connectivity across mobile heterogeneous
networks for service providers. The acquisition of Ubiquisys further
reinforces Cisco's commitment to service providers and strengthens
its mobility expertise to deliver more intelligent mobile Internet
networks. 
As mobile service providers around the world increase voice and data
capacity to serve the rapidly growing use of Internet-enabled
devices, offloading traffic to small cell networks is a
cost-effective way to increase capacity and make better use of
spectrum assets. Small cells deliver their signal over a shorter
range, which allows mobile users to get a faster, more consistent
voice and data experience. Ubiquisys' small-cell solution adds
dynamic intelligence at the edge of the network, enabling service
providers to better monetize and optimize their mobile networks. 
Ubiquisys' indoor small-cell expertise and focus on intelligent
software for licensed 3G and LTE spectrum, coupled with Cisco's
mobility portfolio and Wi-Fi expertise, will enable a comprehensive
small-cell solution for service providers that supports the
transition to next-generation radio access networks. Together,
Ubiquisys and Cisco will offer a differentiated connected experience
to the end-user by providing service providers with a comprehensive
solution that extends an intelligence layer across the mobile
network.  
"Cisco is 'doubling down' on its small cell business to accelerate
strong momentum and growth in the mobility market," said Kelly Ahuja,
senior vice president and general manager, Cisco Mobility Business
Group. "By acquiring Ubiquisys, we are expanding on our current
mobility leadership and our end-to-end product portfolio, which
includes integrated, licensed and unlicensed small cell solutions
that are tightly coupled with SON, backhaul, and the mobile packet
cor
e. For service providers, Ubiquisys supports cost effective
coverage and capacity that delivers a differentiated customer
experience."  
The acquisition of Ubiquisys exemplifies Cisco's innovation framework
based on a build, buy and partner approach. The Ubiquisys acquisition
also complements Cisco's mobility strategy along with the recent
acquisitions of BroadHop and Intucell, reinforcing in-house research
and development such as service provider Wi-Fi and licensed radio.
These technologies will tie together the mobility architecture that
leverages the intelligence of the network from the wireless edge of
the network into the wired core. 
Upon the close of the acquisition, the Ubiquisys employees will be
integrated into the Cisco Service Provider Mobility Group, reporting
to Partho Mishra, vice president and general manager, Service
Provider Small Cell Technology Group. Under the terms of the
agreement, Cisco will pay approximately $310 million in cash and
retention-based incentives to acquire the entire business and
operations of Ubiquisys. The acquisition is expected to close in the
fourth quarter of Cisco's fiscal year 2013, subject to customary
closing conditions. 
About Cisco
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unconnected. For ongoing news, please go to
http://thenetwork.cisco.com. 
Cisco and the Cisco logo are trademarks or registered trademarks of
Cisco and/or its affiliates in the U.S. and other countries. A
listing of Cisco's trademarks can be found at
www.cisco.com/go/trademarks. Third-party trademarks mentioned are the
property of their respective owners. The use of the word partner does
not imply a partnership relationship between Cisco and any other
company. 
Forward-Looking Statements  
This press release may be deemed to contain forward-looking
statements, which are subject to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, including the
expected completion of the acquisition and the time frame in which
this will occur, the expected benefits to Cisco, its product
platforms and its customers from completing the acquisition,
statements regarding our value proposition with our customers, our
competitive performance and new market opportunities, and plans
regarding Ubiquisys personnel. Rea
ders are cautioned that these
forward-looking statements are only predictions and may differ
materially from actual future events or results due to a variety of
factors, including, among other things, the potential impact on the
business of Ubiquisys due to the uncertainty about the acquisition,
the retention of employees of Ubiquisys and the ability of Cisco to
successfully integrate Ubiquisys and to achieve expected benefits,
business and economic conditions and growth trends in the networking
industry, customer markets and various geographic regions, global
economic conditions and uncertainties in the geopolitical environment
and other risk factors set forth in Cisco's most recent reports on
Form 10-K and Form 10-Q. Any forward-looking statements in this
release are based on limited information currently available to
Cisco, which is subject to change, and Cisco will not necessarily
update the information. 
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Press Contact: 
Robyn Jenkins-Blum 
408-853-9848 
rojenkin@cisco.com  
Industry Analyst Contact:
Ben Culp
949-823-3787 
beculp@cisco.com 
Investor Relations Contact:
Carol Villazon
408-527-6538
carolv@cisco.com