Cisco confirms $475m deal for Israeli software maker Intucell

Cisco Systems has announced it is acquiring Israeli software maker Intucell for $475 million (£300m).

The Ra'anana, Israel-based firm specialises in mobile network management and represents the latest major addition to the Cisco stable.

"Through the addition of Intucell's industry-leading SON technology, Cisco's service provider mobility portfolio provides operators with unparalleled network intelligence and the unique ability to not only accommodate exploding network traffic, but to profit from it," said Kelly Ahuja, senior vice president and general manager of the Cisco Service Provider Mobility Group.

The US tech giant announced a blockbuster £750 million deal for cloud networking company Meraki back in November 2012, and also splurged on traffic management specialist Cardien last year.

The Intucell deal is expected to close in Q3 2013.