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New Deal


Announced

CISCO Systems to acquire Working Group Two.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Norway

Majority

mobile services

Pending

Mobility

Acquisition

Cross Border

Private

Friendly

Single Bidder

Synopsis

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CISCO Systems, a technology platform, agreed to acquire Working Group Two, a Norwegian developer of a cloud native mobile services platform that’s fully API consumable and highly programmable. Financial terms were not disclosed. The acquisition of WG2’s technology and team, particularly its mobile space capabilities, will enhance the complete authentication, provisioning, voice, messaging, and data services of Cisco’s existing Control Center offerings.

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