Cisco to acquire Working Group Two for $150 million

Telenor announced Cisco will acquire software company Working Group Two for an enterprise value of $150 million.
Telenor will sell its 44.6 percent share of Working Group Two.

Working Group Two started as a development project in Telenor before it was spun out with Telenor as a cornerstone investor in 2017 along with Digital Alpha, a leading digital infrastructure investment firm.

Working Group Two, which offers mobile operators a cloud-based core network platform designed to radically increase product innovation and reduce time to the market, has grown from around 5 to more than 90 employees with a global customer base in Europe, North America, and Asia.