IDG News Service - Cisco Systems today closed its acquisition of Tandberg, formally ending a tense struggle over the fair value of the Norwegian videoconferencing vendor.
Effective Monday, Tandberg's product line is now part of Cisco's Telepresence portfolio and former Tandberg CEO Fredrick Halvorsen is senior vice president of a new unit of Cisco, the Telepresence Technology Group. The new group is made up of businesses focusing on telepresence endpoints, back-end infrastructure and Cisco Telepresence cloud services. It is part of Cisco's Emerging Technologies Group, under the leadership of Cisco Senior Vice President Marthin De Beer.
Cisco has made video a major focus of its business in the past few years, with its Telepresence high-definition videoconferencing products at the front of the lineup. Tandberg, a longtime supplier of various video products for enterprises, fleshes out Cisco's midrange lineup.
The acquisition was one of Cisco's most difficult. The company offered $3 billion for Tandberg last Oct. 1, but that offer did not receive the required support of owners of 90 percent of Tandberg shares. Two investment consulting companies said Cisco had undervalued Tandberg. The dominant networking vendor eventually raised its bid to 19 billion Norwegian kroner, or about $3.4 billion, and extended its offer three times. On Dec. 3, Cisco declared that owners of 91.1 percent of Tandberg's shares had agreed to the buyout.
Cisco said Monday it had made the acquisition for 19 billion kroner, equivalent to about $3.3 billion at the time the deal closed.
- Best iPhone, iPad Business Apps for 2014
- 14 Tech Conventions You Should Attend in 2014
- 10 Desktop Apps to Power Your Windows PC
- How to Add New Job Skills Without Going Back to School
- Slideshow: 7 security mistakes people make with their mobile device
- iOS vs. Android: Which is more secure?
- 11 sure signs you've been hacked
Red Hat Enterprise Linux - The Original Cloud Operating System
Linux adoption is growing against a number of measures, such as the
number of supercomputers that run Linux and the size of the contributing...
- OpenStack Hype vs. Reality: CIO Quick Pulse Open-source architecture can enable IT departments to build infrastructure-as-a-service (IaaS) clouds running on standard hardware.
- Future Focus: What's Coming in Enterprise Mobility Management (EMM) Find out why Enterprise Mobility Management (EMM) solutions that are truly future-ready must be designed to enable Machine-to-Machine (M2M) capabilities and much more.
- The CIO's Guide to Enterprise Mobility Management (EMM) This guide will help those making an EMM platform decision make the best choice for their organization.
- Live Webcast Increasing the Value of Your Reports and Dashboards Learn how incorporating other analytical capabilities such as predictive modeling and visualization can increase the value of your reports and dashboards by providing...
- Testimonial: Cystic Fibrosis Trust Peter Hawkins, the Head of IT for Cystic Fibrosis Trust, discusses the role CommVault's Simpana software platform plays in improving the company's information...
- Increasing the Value of Your Reports and Dashboards Learn how incorporating other analytical capabilities such as predictive modeling and visualization can increase the value of your reports and dashboards by providing... All Management White Papers | Webcasts