Cisco To Acquire Software Developer Announce Plans NDS for $5 billion, By Angela Moscaritolo Cisco on Thursday announced plans to acquire NDS Group, which develops software for television networks, for $5 billion.
Networking giant Cisco has announced plans to acquire NDS, a television software maker, for $5 billion in a deal that has been agreed
The deal, announced on Thursday, is one of Cisco's biggest purchases. The company said Managed to meet 99% of total 11th Plan Outlay.
Cisco on Thursday announced plans to acquire NDS Group, which develops software for television networks, for $5 billion.
Networking giant Cisco has announced plans to acquire NDS, a television software maker, for $5 billion in a deal that has been agreed
The deal, announced on Thursday, is one of Cisco's biggest purchases. The company said Managed to meet 99% of total 11th Plan Outlay.
Cisco on Thursday announced plans to acquire NDS Group, which develops software for television networks, for $5 billion.
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| Cisco To Acquire, Software Developer, Announce Plans NDS, for $5 billion |
NDS, which was founded in Israel in 1988 and is headquartered in London, develops software and services "that make enjoying TV anywhere, anytime and on any device a possibility," according to the company's website. Its solutions allow pay-TV providers to deliver digital content to TVs, DVRs, PCs, mobile and other multimedia devices. The company also makes solutions to protect digital content so that only paying subscribers can access it.
Its products allow for smart cards to authenticate end-users to allow the delivery of interactive television services, a vital core to DirectTV’s and UK-based Sky’s business model.
Brian Marshall, an analyst with ISI Group, said the deal makes sense for Cisco as it focuses on video offerings for service providers. NDS, which competes with Cisco, counts pay-TV operators such as DirecTV, Vodafone, Cox and BSkyB among its customers.
As part of the purchase, Cisco will get operations in India, China, Israel, the U.K. and France as well as about 5,000 NDS employees, who will join Cisco’s video technology business for service providers. The purchase price, compared to the earnings NDS makes before interest, taxes, depreciation and amortization, is in line with what News Corp. and Permira paid when they took the company private, Cisco said today.
Its products allow for smart cards to authenticate end-users to allow the delivery of interactive television services, a vital core to DirectTV’s and UK-based Sky’s business model.
Brian Marshall, an analyst with ISI Group, said the deal makes sense for Cisco as it focuses on video offerings for service providers. NDS, which competes with Cisco, counts pay-TV operators such as DirecTV, Vodafone, Cox and BSkyB among its customers.
As part of the purchase, Cisco will get operations in India, China, Israel, the U.K. and France as well as about 5,000 NDS employees, who will join Cisco’s video technology business for service providers. The purchase price, compared to the earnings NDS makes before interest, taxes, depreciation and amortization, is in line with what News Corp. and Permira paid when they took the company private, Cisco said today.
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