Cisco Completes $5 Billion NDS Acquisition

Posted on Jul 31 2012 - 12:25pm by Editorial Staff

With European Union last week authorized Cisco to acquire its $5 billion purchase of the television software developer NDS, the company today announced that it has completed the acquisition of NDS. Cisco back in March 15, 2012 announced a definitive agreement to acquire NDS. Cisco as part of the deal will acquire NDS’s operations in China, France, Israel, India and the UK with the TV software developer 5,000 employees who will join Cisco.

“The addition of NDS’ leading software solutions and systems integration expertise play a key role in accelerating the Cisco Videoscape platform aimed at delivering better-than-being-there entertainment experiences. Through our combined expertise, we look forward to providing the next-generation TV experience that is more immersive, engaging and social, while helping to create new revenue opportunities for our service provider customers.”

(Image Source: Flickr)

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.