On Wednesday, Cisco announced its intent to acquire privately held ClearAccess, a company providing software to internet service providers for the provisioning and management of residential and mobile devices. The acquisition includes ClearAccess' software business and personal, while the hardware portion of ClearAccess' business, Smart RG Gateways, will continue forward as SmartRG, Inc, says Cisco.
The two companies plan to combine network management and software capabilities to help service providers in the delivery, management and monetization of their services.
According to Cisco (San Jose, Calif., USA), service providers are faced with growing network complexity, exploding video and data traffic, and an increasing number of devices connected to their networks. With the proliferation of these devices, service providers are looking for ways to immediately lower operating expense while delivering and enabling new services. ClearAccess ' (Vancouver, Wash., USA) management and software capabilities will augment Cisco Prime -- Cisco's network management software portfolio -- by offering service providers a set of tools for managing the connected home, including monitoring and managing bandwidth usage, parental controls, diagnostics and analytics.
This acquisition aligns with Cisco's strategic initiatives to build software platforms and drive business and technology architecture, and it complements Cisco's end-to-end portfolio and capabilities for service provider customers, says the company.
Upon the close of the acquisition, the ClearAccess team will be integrated into the Cisco Network Management Technology Group. Specific financial terms of the transaction are undisclosed. The acquisition of ClearAccess is subject to various standard closing conditions and is expected to be complete in the fourth quarter of Cisco's fiscal year 2012, says Cisco .