Cisco Completes Acquisition of AXIOSS Software Assets
SAN JOSE, Calif., READING, United Kingdom, HELSINKI, Finland – September 9, 2011 – Cisco today announced it has completed its acquisition of service fulfillment software assets and associated employees from the UK subsidiary (formerly Axiom Systems) of Comptel Corporation (NASDAQ OMX Helsinki: CTL1V). The acquisition gives Cisco the abilityto extend network and service management technologies across its next-generation Internet Protocol (IP) network platforms, allowing service providers to quickly and efficiently launch new video, data, mobility and cloud services to their customers.
Cisco acquired the AXIOSS software suite, a fulfillment platform that strengthens the Cisco service provider management offering by automating ordering and fulfillment. The software provides management capabilities for network services across Cisco's five company priorities. It alsoenhances Cisco Prime, which enables service providers to better manage their networks and network services. By integrating service management and fulfillment capabilities into Cisco Prime, Cisco continues to demonstrate its commitment to innovate around the convergence of services and networks.
The AXIOSS team brings strong software development and professional services skills to support the Cisco Prime platform. With the close of the acquisition, the AXIOSS team joins the CiscoNetwork Management Technology and Cisco Advanced Services Groups.
Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com
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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 benefits to Cisco and service providers from completing the asset acquisition. Readers 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 retention of the AXIOSS team and the ability of Cisco to successfully integrate the AXIOSS assets and team 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.