Cisco to buy Israel-based software maker for $475 million

Wed Jan 23, 2013 6:52pm IST

A sign marking a Cisco office is pictured in San Diego, California November 12, 2012. REUTERS/Mike Blake

A sign marking a Cisco office is pictured in San Diego, California November 12, 2012.

Credit: Reuters/Mike Blake

Stocks

   

(Reuters) - Cisco Systems Inc said it will buy Israeli software maker Intucell for about $475 million in cash to expand its mobile network management offerings.

Privately held Intucell makes software that helps mobile carriers manage cellular networks automatically.

(Reporting by Supantha Mukherjee in Bangalore; Editing by Maju Samuel)

Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.