Infrastructure
Cisco (CSCO), Unable To Help Itself, Buys Tandberg
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Cisco (CSCO) continues to buy companies at a rapid-fire pace. It added video infrastructure and transport company Tandberg to its video hardware and software portfolio, paying $3 billion in cash for the firm.
Announcing the news release Cisco said “TANDBERG’s leading video endpoints and network infrastructure solution will be integrated into Cisco’s world-class collaboration architecture. This will enable intercompany and multi-vendor interoperability and ease of use across the full product portfolio — from desktop to immersive, multi-screen TelePresence. This interoperability will benefit Cisco’s customers, but also competitors and partners by accelerating customer interest in video collaboration globally.”
John Chambers, Cisco’s CEO, is still on track to set the record for all-time M&A deals by a single company.
Douglas A. McIntyre
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