Cisco seeking buyers for NDS: Report
MUMBAI: Five years after buying NDS for $5 billion, Cisco is reportedly shopping for a buyer for its video software unit. The move is part of a plan to sharpen the focus on the network-infrastructure business.
Cisco has been scaling down its traditional TV technology services division. In 2015, it had sold its set-top box (STB) business to Technicolor for $600 million.
After acquiring NDS Group in 2012, Cisco had integrated it into Cisco Videoscape, which empowers service providers and media companies to create and connect new synchronized, personalized, and intuitive experiences across multiple screens at the speed of now.
According to Bloomberg, Cisco CEO Chuck Robbins has been trying to jump-start growth by purchasing providers of software and services that can be delivered over the internet.
The report further stated that Robbins is also overseeing the introduction of more flexible switches and routers designed to make Cisco’s products more appealing to companies such as Amazon Web Services and Google, which are increasingly developing their own cheaper hardware.