Friday, March 16, 2012

Cisco buys NDS

Cisco Systems announced that it would be buying set-top box software maker the NDS Group for $5 billion in cash. NDS, founded in Israel in 1988 and now headquartered in London, focuses on seamless content streaming between different devices, as well as content protection security to combat piracy.

The firm already boasts media giants like British Sky Broadcasting and DirecTV as clients, as well as Sky Italia, and analysts believe the acquisition will boost Cisco’s Videoscape streaming platform and boost software revenue for the firm as its core networks business decreases.

The deal is likely to close by the end of 2012, after regulatory review, and NDS’s CEO Abe Peled will apparently transition to become a senior vice president and chief strategist for Cisco’s video and collaboration group.

Source: EEtimes.

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