Cisco Wraps Up Tandberg Buy

Networking giant Cisco now owns Tandberg, following a months-long drama that saw it squaring off with a group of angry shareholders.

But that’s now in the past, and Cisco now has its eye on improving its position in telepresence, an area that’s become the focus of some frenzied dealmaking in recent months following Cisco’s own move to acquire Tandberg.

Cisco’s not resting on its laurels, however, unveiling plans this week to open its telepresence interoperability technology, which had previously only been available under license. Enterprise Networking Planet has the story.

Cisco now owns Tandberg — finally.

After five months of delay, debate and extra cost, Cisco (NASDAQ:CSCO) has closed on its acquisition of Norway-based video collaboration vendor Tandberg for $3.3 billion (19 billion Norwegian kroner). According to Cisco, the Tandberg product line will be integrated with Cisco’s Telepresence Technology Group while its former CEO, Fredrik Halvorsen, is joining the group as the senior vice president of the business unit.

Read the full story at Enterprise Networking Planet:

Cisco Closes $3.3B Tandberg Deal, Presses Ahead on Open Telepresence

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