Cisco completes Tandberg acquisition
Cisco adds entire Tandberg video conferencing portfolio to new TelePresence Technology Group
Cisco has completed its acquisition of Norwegian video conferencing specialist Tandberg, for $3.3 billion, in a move that will allow the networking giant to compete head to head with US video conferencing rival Polycom.
Tandberg's entire video conferencing portfolio is now part of Cisco's telepresence portfolio, and Fredrik Halvorsen, the former CEO of Tandberg, has been appointed senior vice president and leader of the new TelePresence Technology Group within Cisco.
The acquisition is a significant step for Cisco, which had previously lacked a presence in the wider video conferencing sector despite investing heavily in its high end telepresence product. With the addition of Tandberg's full video conferencing portfolio, Cisco will now compete head to head with US video conferencing giant Polycom, which is now the only remaining significant independent player in the field.
Cisco said it was working to ensure its video conferencing systems become fully interoperable with third-party systems and PC video clients, including Microsoft Office Communicator. The firm also added that it was planning to make its Telepresence Interoperability Protocol (TIP) architecture open source, and said it will publish the TIP source code libraries by July 1, 2010. Nine videoconferencing and telepresence vendors have licensed TIP so far, Cisco said.