Intucell Posts

Cisco Has Acquired Wireless Company Intucell For $475 Million

Cisco Systems has acquired Intucell for $475 million.  Intucell is a four year old company that was founded by Rani Wellingstein and Ido Susan.  The company raised only $6 million in total funding in 2011 by Bessember Venture Partners.  Intucell enables wireless cell phone towers to work with each other and prevent dropped calls, including heavily populated areas like San Francisco and Manhattan.  AT&T partnered with Intucell after the company received the investment and they saw “immediate” results.  Intucell started generating revenue very early and Bessemer’s stake was never diluted.

Continue reading →