Cisco completes bid for Tandberg

Networking giant Cisco is hoping to add another string to its telepresence bow by acquiring video communications specialists Tandberg.

Telepresence

Cisco is set to take on a range of new products from its previous competitor Tandberg, after today saw the final stages of its offer being completed.

When the deal is done, Cisco will have purchased all of the outstanding shares of Tandberg for 170 Norwegian kroner (18.74) per share, amounting to approximately 19 billion Norwegian kroner altogether. This compulsory acquisition will see Cisco as the only shareholders.

Advertisement - Article continues below

The chief executive of Tandberg, Fredrik Halvorsen, will become senior vice president and leader of the new TelePresence Technology Group formed within Cisco whilst the two separate technology portfolios are brought together to make one joint offering.

"Today we are celebrating a very important step for our customers in the journey to put people at the centre of collaboration and change the way we work," said Marthin De Beer, senior vice president of the Emerging Technologies Business Group at Cisco, in a statement.

"We strongly believe that telepresence the next generation of videoconferencing along with Cisco's entire rich collaboration portfolio, powers this new way of working where everyone, everywhere, can be more productive through the pervasive use of video and face-to-face collaboration."

The networking firm has been making a big push into the HD video conferencing market with telepresence over the past few years and by adding Tandberg to its books, it will be seen as an even bigger challenge to HP's Halo alternative.

Advertisement
Advertisement - Article continues below

Cisco would not confirm the date it expected the acquisition to be completed by.

Featured Resources

The case for a marketing content hub

Transform your digital marketing to deliver customer expectations

Download now

Fast, flexible and compliant e-signatures for global businesses

Be at the forefront of digital transformation with electronic signatures

Download now

Why CEOS should care about the move to SAP S/4HANA

And how they can accelerate business value

Download now

IT faces new security challenges in the wake of COVID-19

Beat the crisis by learning how to secure your network

Download now
Advertisement

Recommended

Visit/business-strategy/chief-executive-officer-ceo/354935/western-digital-hires-ciscos-david-goeckeler
chief executive officer (CEO)

Western Digital hires Cisco’s David Goeckeler as its new CEO

6 Mar 2020
Visit/business-strategy/collaboration/354660/cisco-webex-will-use-voice-tools-to-exploit-next-frontier-of
collaboration

Cisco WebEx will use voice tools to exploit ‘next frontier’ of data insights

29 Jan 2020
Visit/infrastructure/network-internet/354629/what-to-expect-from-cisco-live-2020
Network & Internet

What to expect from Cisco Live 2020

24 Jan 2020
Visit/software-defined-wide-area-network-sd-wan/33346/what-is-sd-wan
software-defined wide area network (SD-WAN)

What is SD-WAN?

18 Sep 2019

Most Popular

Visit/operating-systems/microsoft-windows/355812/microsoft-warns-against-installing-windows-10-may-2020
Microsoft Windows

Microsoft warns users not to install Windows 10's May update

28 May 2020
Visit/security/cyber-security/355797/microsoft-bans-trend-micros-rootkit-buster-from-windows-10
cyber security

Microsoft bans Trend Micro driver from Windows 10 for "cheating" hardware tests

27 May 2020
Visit/policy-legislation/data-protection/355835/nhs-yet-to-understand-the-risks-of-holding-test-and-trace
data protection

NHS yet to understand risks of holding Test and Trace data for 20 years

29 May 2020