Cisco to acquire Israeli Intucell for $475m
Jan. 23, 2013
Cisco Systems Inc. has announced that it will acquire advanced self-optimizing network (SON) software developer Intucell Ltd. for $475 million in cash. Intucell's solution enables mobile carriers to automatically plan, configure, manage, optimize and heal cellular networks in line with real-time changes in network demands.
Headquartered in Ra'anana, Intucell has offices in the UK, US, and Singapore. Founded in 2008 by CEO Rani Wellingstein and VP products Ido Susan, who can each expect to earn around $80 million from the sale, investors include Bessemer Partners and private individuals. Genesis Partners gave the company a loan in 2010. In total, Intucell has raised only $7 million according to IVC.
Cisco will integrate Intucell's 800 employees into its Service Provider Mobility Group, which reports to Cisco VP and general manager Software and Applications Group Shailesh Shukla. Cisco said that part of the acquisition includes “retention-based incentives”.
See also: "Cisco's was an offer one cannot refuse", an interview with Bessemer's Israeli partner, Adam Fisher (Hebrew).