October 2009 02

Cisco to acquire TANDBERG

http://newsroom.cisco.com/dlls/2009/corp_093009.html

SAN JOSE, Calif., NEW YORK, and, OSLO, Norway, October 1, 2009 – Cisco® (NASDAQ: CSCO) today announced a definitive agreement for Cisco to launch a recommended voluntary cash offer to acquire TANDBERG (OSLO: TAA.OL).  TANDBERG, based in Oslo, Norway, and New York, is a global leader in video communications, including a broad range of world-class video endpoint and network infrastructure solutions with intercompany and multi-vendor interoperability. With this proposed acquisition, Cisco will expand its collaboration portfolio to offer more solutions to a greater number of customers, further accelerating market adoption globally.

Very cool, it will be interesting to see what further innovations in the video communications space we might see from this transaction, I’m off to read more.

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