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Cisco Systems To Acquire Axioss Software For $31 Million

The world’s leading networking equipment maker Cisco Systems yesterday revealed its plans to acquire AXIOSS software from Finland based software and telecom solutions provider Comptel Corporation for about $31 million in cash.

According to the company, the proposed acquisition is primarily aimed at expanding the company’s network and service management technologies into new territories such as the IP (internet protocol) network platform. In addition to that, AXIOSS software can also play a potentially very crucial role in enhancing Cisco’s network management solution for service providers and enterprises, dubbed Cisco Prime.

The move taken by the company is more or less the outcome of CEO John Chamber’s (barely a few months old) initiative in which he expressed his desire to take the company back to its roots and focus more on core entertainment networking, as well as focusing on switching, and services, core routing, data center virtualization and cloud, video, collaboration, and business transform architecture.

"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 Anderson, senior vice president and general manager for Cisco's Network Management Technology Group (NMTG) said, PC Mag reports. monitors all leading technology stories and rounds them up to help you save time hunting them down.