Cisco completes acquisition of NDS
Computer-networking equipment maker Cisco has finished up its acquisition of video software and content security solutions provider NDS Group Ltd for US$5bn.
NDS’ solutions are designed to enable service providers and media companies to securely deliver and monetise new video experiences.
The company’s software platform, customer segments and services model complement Cisco's networked video offerings and enhance the delivery of Cisco's Videoscape, Cisco said.
Videoscape is Cisco's platform that enables service providers and media companies to deliver next-generation video entertainment experiences.
Under the deal, Cisco has also expanded its global video footprint in new and emerging markets.
"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,” said Jesper Andersen, senior vice-president and general manager, Service Provider Video Technology Group.
“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."
NDS' employees join Cisco's Service Provider Video Technology Group (SPVTG), led by Andersen.
Dr Abe Peled, formerly NDS chairman and CEO, becomes senior vice-president and chief strategist for Cisco's Video and Collaboration Group, of which SPVTG is a part.