A BRITISH technology company has been bought by US networking giant Cisco for $310m (£205m).
The sale of Ubiquisys, a Swindon-based company which makes cellular transmitters to improve mobile coverage, is one of the biggest British technology deals of the last few years.
Cisco said Ubiquisys’ roughly 150 staff would join the US firm’s mobility group, which is aiming to win more business from mobile networks that want to improve their coverage in busy urban areas.
Ubiquisys, founded in 2004, develops what is known as “small-cell” technology – a kind of signal booster for mobile networks in places where it is impractical or expensive to put radio masts.
Cisco, the world’s largest network technology group, is betting that small-cell technology will become increasingly in demand as networks carry ever more mobile data traffic.
The deal could see Cisco receive more business from the UK’s mobile networks, which are heavily investing in network infrastructure ahead of the launch of 4G services later this year.
The Swindon-based firm was founded by its current chief technology officer, Will Franks, and is run by chief executive Chris Gilbert, formerly of mobile broadband firm IPWireless.
The company is privately owned by a number of investors including venture capitalists Accel Partners and Advent Venture Partners and networking firm Sercom. The cash and stock deal will complete in the coming months.