Cisco Completes TANDBERG Offer and Launches Compulsory Acquisition Integrated Cisco TelePresence™ Product Portfolio to Usher In New Way of Working
SAN JOSE, Calif. – April 19, 2010 – Cisco (NASDAQ: CSCO) today announced it has completed its voluntary offer for TANDBERG (OSLO: TAA), a global leader in video communications. The close of this transaction, and the consequent creation of an extensive combined product portfolio, accelerates Cisco’s vision of changing the way people communicate and collaborate by delivering simple, unique and interoperable collaboration experiences.
“Today we are celebrating a very important step for our customers in the journey to put people at the center of collaboration and change the way we work,” said Marthin De Beer, senior vice president, Emerging Technologies Business Group, Cisco. “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 full TANDBERG product line is now part of the Cisco TelePresence™ portfolio. Through this combined offering, the Cisco TelePresence business provides customers with access to a fully integrated architecture, a comprehensive network-based endpoint and infrastructure portfolio – designed to help provide multivendor interoperability – and a suite of unique experiences, customizable applications and flexible deployment models.
With the close of this transaction, Fredrik Halvorsen, the former CEO of TANDBERG, becomes senior vice president and leader of the new TelePresence Technology Group within De Beer’s organization. This newly-formed group includes three fully integrated businesses that will focus on endpoints, infrastructure and Cisco TelePresence cloud services.