Thursday, October 01, 2009

Cisco to Buy Norway's Tandberg for $3 Billion - WSJ.com

Cisco makes a major video-conferencing investment

Cisco Systems Inc. agreed to buy Norway-based Tandberg ASA for about $3 billion, expanding its push into so-called collaboration technologies that help people work together from different locations.

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Tandberg, which reported revenue of $809 million in 2008, makes a range of video-conferencing products, including high-end systems that compete with Cisco's and software that run on a computer.

The acquisition "instantly expands our portfolio of high-end video products to go from the desktop to the board room," said Ned Hooper, Cisco's chief strategy officer.

Cisco to Buy Norway's Tandberg for $3 Billion - WSJ.com

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