Cisco chips in to Ubiquisys exit

Cisco Systems, a Nasdaq-listed network equipment supplier, has acquired Ubiquisys, a UK-based developer of telecoms technology backed by Taiwan-based corporations, for $310m. Ubiquisys had raised about $62m.

In August, Ubiquisys raised $19m from a consortium including repeat investor 5 Continents Consulting Group (5CCG).
Japan-based venture capital firm Mobile Internet Capital, which is part-owned by local telephone operator NTT Docomo, and Nissay Capital, wholly-owned by Japan’s largest life insurance business, Nippon Life Insurance Company, led the $19m series E round for…