Cisco closes Tandberg video acquisition

The drawn-out US$3.3 billion buyout fleshes out Cisco's Telepresence lineup

Cisco Systems closed its acquisition of Tandberg on Monday, 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 US$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.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags mergers & acquistionstandbergcisco

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Stephen Lawson

IDG News Service

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Shopping.com

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?