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Cisco to acquire video software provider NDS for $5 billion

Cisco will acquire video software and content security solutions provider NDS Group approximately $5 billion. This is the highest price ever paid for an Israeli company, and the biggest Cisco acquisition since 2005 when it bought Scientific-Atlanta for $6.9 billion. 

NDS.jpgAcquiring NDS will broaden Cisco's opportunities in the service provider market, expanding its reach into emerging markets, such as China and India, where NDS has an established customer footprint.

The acquisition of NDS will complement and accelerate the delivery of Videoscape, Cisco's comprehensive platform that enables service providers and media companies to deliver next-generation entertainment experiences.

"Our strategy has always been driven by customer need and on capturing market transitions. Our acquisition of NDS fits squarely into this strategy, enabling content and service providers to deliver new video solutions that leverage the cloud and drive new monetization opportunities and service differentiation," said John Chambers, Chairman and CEO, Cisco.

"This is a transformational opportunity for not only NDS and Cisco, but also our service provider customers and their consumers. Together we make the connected vision a reality," said Dave Habiger, CEO, NDS.

Upon completion of the transaction, NDS's global operations, including sites in UK, Israel, France, India and China, and its approximately 5,000 employees will join the Cisco Service Provider Video Technology Group (SPVTG), led by Senior Vice President and General Manager Jesper Andersen

Dr. Abe Peled, NDS Executive Chairman, will be named Senior Vice President and Chief Strategist for Cisco's Video & Collaboration Group

NDS Group creates the technologies and applications that enable pay-TV operators to securely deliver digital content to TV STBs (set-top boxes), DVRs (digital video recorders), PCs, mobiles and other multimedia devices. Over 90 of the world's leading pay-TV platforms rely on NDS solutions to protect and enhance their business.

European private equity firm Permira Advisers and Rupert Murdoch's global media company News Corp. are owning approximately 51% and 49% of NDS, respectively.

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