Cisco Systems Inc., which is based in San Jose, Calif., supplies routers, switches, software and services to corporate customers and government agencies worldwide. It is considered a bellwether of the technology industry.
Ubiquisys is based in Swindon, U.K. Its 3G and long-term evolution small-cell technologies help deliver a signal over a shorter range, which gives mobile users a faster, more consistent voice and data experience.
The deal, which is targeted to close in Cisco's fourth quarter, also includes retention-based incentives. When the transaction closes, Ubiquisys workers will join the Cisco service provider mobility group.
Cisco's stock added 4 cents to $21.26 in premarket trading on Wednesday.