Oct 01
Cisco Systems this week announced the purchase of Tanberg. The computing giant purchased the Norway-based video conferencing company for a cool $3 billion.
Tandberg specializes in high-end video conferencing units smaller than the models currently sold by Cisco. “It really enables us to build out our portfolio,” Cisco senior vice president Ned Hooper said of the deal. The acquisition values Tanberg at 11 percent over its Wednesday closing price.
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