Former NDS chairman and CEO Abe Peled will be the chairman of a new company created after Cisco sold its Service Provider Video Software Solutions (SPVSS) business to the private equity firm Permira.
It’s emerged that Cisco could be close to a sale of its Videoscape unit.
Cisco Systems is seeking a buyer for its video-software unit NDS, according to people familiar with the process, reports Bloomberg.
Jeremy Maddocks is to leave Cisco, where he is currently regional director, Middle East, Russia, CIS and CEE, on October 14.
IBC 2013 – AMSTERDAM. Cisco’s Videoscape unit has given details of the 2014 upgrade to its Snowflake interface. Largely dispensing with the channel orders set by the operators – there is still a grid through effectively hidden – the channels and programmes shown are all through recommendations.
Cisco chairman and chief executive officer John Chambers says the technology provider is walking away from low margin set-top box contracts.
Cisco has unveiled Videoscape Unity, its new and expanded video services platform, developed following last years acquisition of NDS.
Cisco Systems has hired Barclays to find a buyer for Linksys, which makes routers for home wireless access, said people familiar with the situation, reports Bloomberg.
The video infrastructure market generated revenues of $8.6 billion (€6.7 billion) for technology vendors in Q2 2012, according to Synergy Research Group.
WATCH VIDEO. Liberty Global and UPC Nederland are officially launching the Horizon gateway this Friday, September 7, commencing rollout in the Netherlands.