Cisco remains hesitant over Tandberg purchase
Tandberg buyout looks likely to be shotdown by unconvinced shareholder groups
Cisco has again suggested that it will drop its offer to buy out Tandberg if it does not manage to secure 90% acceptance from Tandberg shareholders over the deal.
The vendor recently extended the deadline for its US$3billion offer to buy the video conferencing giant, after it revealed that it had managed to tie down just short of 10% acceptance among shareholders. This number falls distinctly short of the 90% that the company has stated that it is aiming for.
Cisco is due to be announcing today following the expiration of the offer period, whether or not it has achieved the level of support needed. Group of Tandberg shareholders have been reported suggesting that the US$3 billion dollar offer undervalues the company, however representatives from Cisco have said that they are not perturbed by this and plan to purchase the company if the price is right.
The deal would significantly boost Cisco's presence in the collaboration technologies market. The vendor also recently expanded certifications and Cisco 360 training on its Voice Elevate Skills for Collaboration Technologies which is another move demonstrating the high regard in which it holds this segment of the networking business.
According to the vendor the two new certifications validate the skills that professionals need to implement and support Cisco TelePresence deployments.
Cushing Anderson, program vice president for IDC's IT Education and Certification research, supports Cisco's focus on the telepresence and collaboration market.
"The rapid evolution of video and voice collaboration technologies provides a tremendous opportunity to change the way the world communicates and represents a complex addition to the skills and capabilities of network and voice administrators and developers," said Anderson.
"Market-focused education and certification programs for new job roles such as video, voice and telepresence specialists are essential to assure the return on enterprise investments in these new technologies is fully maximised," he added.