Cisco Buys AXIOSS for Service Fulfillment Software
Just because Cisco is laying off staff doesn't mean it's still not expanding its' business.
Cisco announced today its intention to acquire the AXIOSS Software assets from its parent company Comptel Corporation (NASDAQ OMX). AXIOSS develops a fulfillment platform for service providers that will help to expand Cisco's overall management offerings.
Cisco is paying $31 million in cash and the deal is expected to close in the third quarter of 2011. Once the deal is closed, AXIOSS employees will be integrated into the Cisco network management (CiscoNMTG) and Advanced Services Group.
"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," Jesper Andersen, senior vice president and general manager, Network Management Technology Group (NMTG) at Cisco said in a statement. "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."
The AXIOSS software will help the Cisco Prime network management suite that debuted earlier this year.
2011 had been a challenging year so far for Cisco. The company announced the layoff of 6,500 employees in July. Cisco has since moved to simplify its business with a focus on its routing, switching, collaboration and cloud business initiatives.