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 ability to 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.
Frequently Asked Questions
Q. Why are you acquiring AXIOSS talent and software assets?
A: Cisco chose AXIOSS software suite because it has demonstrated success within the service provider market segment. AXIOSS software assets and talent bring best-of-breed service provisioning software to Cisco's Prime suite for IP NGN. The integrated software offering will deliver value to the service provider marketplace through our industry leading Cisco Network platforms and our integrated network and service management offerings.
Q. How does this acquisition fit within Cisco's acquisition strategy?
A: Cisco's acquisition strategy focuses on companies where we can build solutions tied to our core and generate value for Cisco's shareholders/customers. This acquisition reflects the importance of service management to Cisco's competitive strategy in the core router and switching lines of business in service provider markets. Cisco believes that integrated network and service management unlock the value of the intelligence of the network for service providers. Cisco Prime is an important pillar of Cisco's service provider strategy.