Cisco Buys Video Conference Gear Maker Tandberg for $3 Billion Cash
Editor’s Note: Very Interesting move on Cisco’s part. Looks like they are making a move into video conferencing portion of the market with this purchase. Cisco already had a an active channel in the tele-presence market, that includes large full size video projections of a person to make you feel like the person is actually in your office. Problem was that the gear was easily into the hundreds of thousands of dollars so the market was specific for major fortune 1000 companies and government agencies. With this purchase they will be able to compete with companies like Polycom in the small to medium sized business market with this video conferencing gear.New York Times -
Cisco Systems continued to show just how serious it is about video conferencing, announcing late Wednesday night the $3 billion acquisition of Tandberg, a Norwegian video communications company.