INSUBCONTINENT EXCLUSIVE:
Authors: TheIndianSubcontinent News AgencyCisco is selling its service provider video software solutions (SPVSS) business as it looks to
focus on networking, multi-cloud, security, data and collaboration going forward.Private equity firm Perimar will create a new company
focused on the creation of video services for the television industry
The portfolio will include Cisco's Infinite Video Platform, cloud digital video recording, video processing, video security, video
middleware, and services groups.The chairman of the as-yet-unnamed new firm will be Abe Peled, former CEO of NDS, which Cisco acquired in
2012 to bolster its video business.Cisco video business"This is a unique opportunity to lead and shape the video industry during its
transition with the flexibility as a private company," said Peled
distribution and cloud-based services
It will continue to maintain a working relationship with the new firm going forward."We are proud of our innovation in video and the
customer momentum that the Service Provider Video group has built," said Chuck Robbins, Cisco CEO
"With the leadership team and Abe as Chairman, the new company is well-positioned to drive this work forward and continue to deliver the
Cisco, and we look forward to continuing to partner with them to deliver new revenue-generating services and experiences."In 2015, Cisco
sold its connected devices division to French media firm Technicolor.
