Cisco Systems yesterday announced its acquisition of NDS Group Ltd, a provider of video software and content security solutions that enables service providers and media companies to securely deliver and monetize new video experiences.
The acquisition will help Cisco to expand its video portfolio to accelerate Cisco Videoscape that would provide next generation entertainment experiences.
The multinational technology company believes NDS’ software platform, customer segments and services model complement its networked video offerings and accelerate the delivery of Videoscape, Cisco’s comprehensive platform that enables service providers and media companies to deliver next-generation video entertainment experiences.
Jesper Andersen, senior vice president and general manager, Service Provider Video Technology Group said the addition of NDS’ leading software solutions and systems integration expertise play a primary role in accelerating the Cisco Videoscape platform that is 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,” he said.
As part of the agreement and acquisition, NDS’ employees join Cisco’s Service Provider Video Technology Group (SPVTG), led by Andersen.
Also, Dr. Abe Peled, the acquired company’s former chairman and CEO, becomes senior vice president and chief strategist for Cisco’s Video and Collaboration Group, of which SPVTG is a part.
Cisco says that Peled will report to Marthin De Beer, senior vice president of Cisco’s Video and Collaboration Group.
According to Cisco, it paid approximately US$5 billion to buy NDS. This includes the repayment of debt and retention-based incentives, to acquire all of the business and operations of NDS.