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Cisco Announces Definitive Agreement to Acquire DiviTech
DiviTech's Digital Service Management Interface to Enhance Cisco's Video Solutions
| Source: Cisco Systems, Inc.
SAN JOSE, CA--(Marketwire - June 10, 2008) - Cisco (NASDAQ : CSCO ) today announced its
intent to purchase Denmark-based DiviTech A/S, a leader in the
digital-service management (DSM) market. DiviTech's DSM solution offers
media broadcasters, cable and Internet Protocol Television (IPTV) service
providers an intuitive interface for creating, modifying and managing video
networks.
The acquisition of DiviTech will further enhance Cisco's video-delivery
strategy. DiviTech's DSM technology includes a software application that
will allow service provider customers to centrally provision and easily
deliver localized content, such as local and regional news and on-demand
video and services, within a specific geography. Cisco plans to integrate
DiviTech's DSM product with the industry-leading Cisco® ROSA network- and
element-management solution to create an end-to-end platform that offers
all layers of digital video management (element, network and service) in a
single modular product.
"DiviTech provides Cisco with a core team of some of the most talented
engineers in the DSM market," said Dean Rockwell, vice president and
general manager of the Digital Media business unit in Cisco's Service
Provider Video Technology Group. "DiviTech's DSM platform will serve as the
foundation for Cisco's continued leadership in next-generation management
tools and applications for complex video networks."
DiviTech's DSM solution complements Cisco's internally developed video
innovations as well as expertise attained from other recent acquisitions in
the video market, including Scientific Atlanta, Arroyo and Tivella.
DiviTech marks Cisco's 128th acquisition.
The acquisition of DiviTech is subject to various standard closing
conditions and is expected to close in Cisco's fourth quarter of fiscal
year 2008. Financial terms of the transaction are undisclosed. Upon the
close of the acquisition, Cisco plans to integrate DiviTech into Cisco's
Digital Media business unit as part of the Service Provider Video
Technology Group. DiviTech employees will move into Cisco's Copenhagen
facility.
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