Cisco – CSCO – Intent to acquire privately held ClearAccess

Cisco (NASDAQ:CSCO) announced its intent to acquire privately held ClearAccess, a Vancouver, Wash. based company that provides TR-069-based software to service providers for the provisioning and management of residential and mobile devices. This acquisition includes ClearAccess’ software business and talent. The hardware portion of ClearAccess’ business, Smart RG Gateways, will continue forward as SmartRG, Inc. Cisco and ClearAccess’ combined network management and software capabilities will enable service providers to better deliver, manage and monetize their services, while helping to improve operational efficiencies and customer experiences.

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’ management and software capabilities will augment Cisco Prime—Cisco’s network management software portfolio—by offering service providers a set of powerful tools  for managing the connected home, including  monitoring and managing bandwidth usage, parental controls, diagnostics and analytics.

“The ClearAccess acquisition reinforces Cisco’s commitment to service providers by accelerating software architectural advancements in mobility, cloud and managed devices, and video,” said Jamie Lerner, vice president and general manager, Cisco Network Management Technology Group, Service Provider Applications.  “ClearAccess provides a critical technology that will advance Cisco’s mission to offer service providers a complete set of tools to manage their networks, within the home and across any connected device, amid the ongoing proliferation in network traffic.”

This acquisition aligns with CSCO ‘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.

The ClearAccess team will bring strong software development and services skills to support the Cisco Prime platform. ClearAccess’ proven track-record for the delivery of cloud-based services will provide CSCO with new capabilities that will make it easier for customers to trial and deploy. Upon the close of the acquisition, the ClearAccess team will be integrated into the CSCO 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.

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Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.