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Posts Tagged ‘tandberg’

Cisco Intros Telepresence Protocol in Tandberg System

June 8th, 2010 | No Comments

At the InfoComm 2010 show, Cisco introduced the Tandberg TelePresence Server, which supports Ciscos Telepresence Interoperability Protocol, which is designed to make solutions from Cisco and third-party vendors work together. Cisco also unveiled the TelePresence Commercial Express, a low-cost telepresence product aimed at SMBs. – Cisco Systems is putting support for its interoperability protocol into its
Tandberg TelePresence Server, the first step in its push to enable the
telepresence products from Cisco and other vendors to work together.
The TIP announcement was one of several Cisco made June 8 at
the InfoComm 2010 s…


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Polycom Names Ex-Cisco, Tandberg Exec CEO

May 10th, 2010 | No Comments

Andrew Miller, who spent 11 years with Cisco Systems and was once CEO of Tandberg, is the new top executive at Polycom, another video conferencing vendor. Miller replaces Robert Hagerty.
– Video conferencing equipment vendor Polycom has a new CEO:
former Cisco Systems and Tandberg executive Andrew Miller was named to the post
May 10.
Miller replaces Robert Hagerty, who is resigning as CEO
and board chairman and is leaving his position on the board. Miller’s
appointment is effecti…


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Cisco Talks Tandberg Integration, Video Dominance

April 30th, 2010 | No Comments

Cisco offered details of the company’s plans to integrate Tandberg’s channel program with its own. Meanwhile channel partners lauded the agreement, saying the recently completed acquisition will make it easier to provide customers with a complete video conferencing package.
– For Cisco partners who sold the companys Telepresence system, the
acquisition and integration of Tandberg was welcome news. And with the
deal completed just a few weeks ago, Cisco at its partner conference
this week shed some light on the integration of partner programs going
forward and announc…


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Cisco Completes $3.3B Tandberg Acquisition

April 20th, 2010 | No Comments

Video conferencing and networking giant Cisco Systems, now $3.3 billion lighter in the pocket, has completed its acquisition of Tandberg, which it hopes will raise revenue figures to $1 billion. Ideally, the Tandberg deal will also provide new leverage against competitors such as Hewlett-Packard and Logitech.
– Cisco Systems has completed its acquisition of
Tandberg, a fellow leader in video communications.

With the close of the transaction on April 18, the full line of Tandberg
products has become part of Cisco’s TelePresence portfolio. The technology,
which involves using large screens to make us…


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Avaya, Tandberg Expand Video Conferencing Capabilities

March 18th, 2010 | No Comments

Tandberg is unveiling the EX90, a telepresence offering that brings the immersive video collaboration technology to the desk. At the same time, Avaya is teaming up with LifeSize to add more video conferencing capabilities to its Aura platform.
– Tandberg and Avaya are making moves in the video collaboration space.
Tandberg on March 18 launched EX90, which extends the companys
telepresence capabilities to the desk.
The EX90 brings the functions available in Tandbergs
Telepresence offerings including video and audio quality, and InTouch t…


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Cisco, Tandberg Give Glimpse of Integrated Road Map

February 10th, 2010 | No Comments

Officials with both Cisco Systems and Tandberg say they expect to get the regulatory go-ahead in the first half of the year to complete the $3.4 billion acquisition of Tandberg. After the deal closes, Cisco will create a TelePresence Technology Group comprising several business units and will push for an integrated platform made up of both Cisco and Tandberg messaging and collaboration products. There also will be a focus on greater interoperability with Tandberg products and those of third parties.
– Interoperability will be a key driver after Cisco Systems completes its $3.4
billion acquisition of Tandberg, not only between the two companies’
technologies but also with third-party telepresence products.
Cisco officials say they expect to get final regulatory
approval for the deal in the fir…


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Cisco Gains More Than 90 Percent of Tandberg

December 4th, 2009 | No Comments

A day after saying they had gained 89 percent of Tandberg stock, Cisco officials announced that they now have control of about 91 percent of Tandberg shares, enabling it to move ahead with the $3.4 billion acquisition under Norwegian law. Cisco expects the deal for the video conferencing equipment maker to close in the first half of 2010.
– Cisco Systems now has enough shares of Tandberg stock under its control to force the sale of the Norwegian company.
Cisco officials announced Dec. 3 that investors who held 89 percent of Tandberg stock had approved the deal, a number that was less than the desired 90 percent under the $3.4 billio…


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Cisco Moves Ahead with Tandberg Acquisition

December 4th, 2009 | No Comments

Cisco is moving ahead with the $3.4 billion purchase of Tandberg despite not getting control of the desired 90 percent of shares. As of the Dec. 3 deadline, Cisco has gained control of 89 percent of the shares, and officials waived the requirement. The move will make Cisco the top video conferencing company in the world, and a larger player in the overall $34 billion collaboration space.
– Cisco Systems is going ahead with the $3.4 billion acquisition of
Tandberg, despite not getting the number of shares it was seeking.
Cisco officials announced Dec. 3 that it will buy the Norwegian
company, creating the largest video conferencing vendor in the world.
Cisco initially had sought th…


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Cisco Still Short of Needed Shares for Tandberg Deal

December 2nd, 2009 | No Comments

Cisco now has about 84 percent of Tandberg shares committed to its $3.4 billion bid to buy the Norwegian video conferencing company, and officials will decide Dec. 3 what their next step will be. If Cisco doesnt get the necessary 90 percent of the shares, it can walk away from the deal or waive the 90 percent requirement. However, Cisco officials said they will not extend the deadline a fourth time.
– Cisco Systems is still short of having control of the 90 percent of
Tandberg shares it has set as a condition for buying the Norwegian
video conferencing equipment vendor.
Cisco officials said Dec. 2 that will wait until after the Dec. 3 deadline to
decide whether they have reached the 90 percen…


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Cisco Extends Tandberg Deadline Another Two Days

December 1st, 2009 | No Comments

Cisco pushes back the deadline for deciding whether to push forward with its $3.4 billion bid for video conferencing rival Tandberg. Cisco officials say they will decide soon after the Dec. 3 deadline whether they have the necessary support from Tandberg shareholders to go forward. Cisco initially offered $3 billion for Tandberg, but was met by opposition from Tandberg investors, who sought more money for the company.
– Cisco Systems once again has extended its deadline to buy video conferencing
rival Tandberg, pushing it back by two days to Dec. 3.
In a brief statement Dec. 1, Cisco officials said that soon after the
deadline passes, they will decide whether they have the necessary support of
Tandberg investor…


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Polycom Offers Customizable Telepresence Solution

November 18th, 2009 | No Comments

Polycom is unveiling its ATX 300 offering, designed to enable businesses to work with audiovisual integrators to create customized telepresence environments based on Polycom technology. Polycom officials say this differentiates ATX 300 from the turnkey solutions rivals like Cisco and Tandberg offer.
– Polycom is making the telepresence experience for businesses customizable.
Polycom on Nov. 17 unveiled its ATX
(Architected Telepresence Experience) 300 solution, which is designed to let
businesses create a telepresence environment that fits their particular
situation.
Joan Vandermate, vice pr…


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Cisco Ups Bid for Tandberg to $3.4 Billion

November 17th, 2009 | No Comments

Faced with the possibility of coming up short on the necessary shareholder support for its $3 billion bid for Tandberg, Cisco is upping its offer to $3.4 billion. Cisco says the offer is a final one, and has pushed the deadline for getting 90 percent shareholder support to Dec. 1. Cisco said this will be the final offer for the video conferencing company. The video conferencing space is heating up, as illustrated by Logitechs announcement Nov. 10 that it is buying LifeSize for $405 million.
– Cisco Systems, facing the possibility of falling short of the needed
shareholder support, has upped its offer for video conferencing
equipment maker Tandberg to $3.4 billion.
Ciscos Nov. 16 announcement came two days for its deadline for
gaining acceptance for its initial $3 billion of at least …


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Cisco Extends Tandberg Deadline, Waits for More Shares

November 10th, 2009 | No Comments

Cisco Systems is extending the deadline for shareholders of Tandberg to accept its $3 billion offer for the Norwegian video conferencing company. The deadline is now Nov. 18. So far, Cisco has only received acceptance from investors who hold 9.37 percent of Tandberg stock. Cisco officials are looking for a 90 percent acceptance, or they will consider withdrawing the offer.
– Cisco Systems officials will wait another week before deciding what to do with
their $3 billion bid to buy video conferencing company Tandberg.
Cisco, which had set an initial deadline of Nov. 9 for shareholders to
accept the deal, has pushed that deadline to Nov. 18. Cisco is looking to get
90 …


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More Opposition to Cisco Tandberg Bid Rises

November 6th, 2009 | No Comments

Two European financial firms argue that Ciscos $3 billion bid for video conferencing rival Tandberg is too low considering its performance and stock price. The opposition Panta Capital and Scott Associates comes three days before Ciscos deadline on the deal, and joins stockholders with about 30 percent of Tandberg shares in saying the bid is too low. Cisco officials have called the offer fair.
– Cisco Systems is seeing growing resistance to its $3 billion bid for video conferencing systems vendor Tandberg.
Panta Capital, a London-based financial firm that represents some Tandberg shareholders, and Scott amp; Associates, a Swiss firm, both said the offer Cisco is making for Tandberg is too…


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Cisco Lays Out Risks, Rewards in Tandberg Bid

November 3rd, 2009 | No Comments

With the deadline for its $3 billion bid for video conferencing rival Tandberg approaching and reports swirling that it will drop its offer, Cisco is looking to define the debate in terms of risk and rewards. Acquiring Tandberg can help Cisco build up its video collaboration capabilities, but there are also risks involved, including trying to buy and integrate its first European company, according to a blog by Cisco executive Ned Hooper.
– Cisco Systems officials are making clear that they believe the $3
billion theyre offering to buy video conferencing rival Tandberg is a
fair one, in light of not only the benefits that could be captured but
also the risks involved.
In a blog post Nov. 2, Ned Hooper, Ciscos chief strategy officer…


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New Tandberg Profile Telepresence Product Aimed at SMBs

October 20th, 2009 | No Comments

Tandberg is showing the expertise in video conferencing for smaller businesses that got Cisco interested in buying it. The company is unveiling its Profile 42” system for smaller conference rooms and SMBs, which Tandberg officials say will be an important market for the company as the global economy improves.
– Tandberg is continuing to grow its Profile video conferencing portfolio, rolling out a new offering aimed at the SMB space.
The newest addition to the Profile HD video conferencing lineup is a 42-inch offering for the entry-level space, an area that Tandberg officials believe will grow in importanc…


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Cisco Has Few Choices in Tandberg Bid, Analyst Says

October 15th, 2009 | No Comments

Now that Tandberg shareholders have rejected Cisco Systems’ $3 billion bid, the networking giant has to decide whether to up its offer or walk away. Frost Sullivan analyst Roopam Jain says she believes the upside of acquiring is too great for Cisco to drop its pursuit, so she expects the company to sweeten its offer for Tandberg, which makes video conferencing equipment. Cisco officials are refusing to comment, citing the current tender offer on the table.
– Cisco Systems doesn’t have many options now that Tandberg shareholders have
rejected the network giant’s $3 billion bid for the video conferencing provider,
according to an analyst.
Cisco can either up its bid or walk away, said Roopam Jain, an analyst with
Frost amp; Sullivan, adding that it w…


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Tandberg Shareholders Reject Cisco $3B Offer

October 15th, 2009 | No Comments

Tandberg shareholders have rejected a $3 billion bid by Cisco to buy the Norwegian video conferencing equipment maker, apparently looking for a higher offer from Cisco or an-other company. They also appear ready to keep the company independent, according to a Swedish brokerage that represents almost two dozen shareholders. Cisco officials must now decide whether to up their bid or cut off the pursuit of Tandberg, which they hope will boost their telepresence capabilities.
– Shareholders of Tandberg reportedly have rejected a $3 billion offer
from Cisco Systems for the Norwegian video conferencing equipment
maker, apparently holding out for a higher bid from the networking
giant or another company.
According to SEB Enskilda, a Swedish brokerage that represents 21
T…


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Tandberg T1 Telepresence Product Aimed at Smaller Groups

October 14th, 2009 | No Comments

In the process of being bought by Cisco, Tandberg still is growing out its Total Telepresence product line. Tandberg is launching T1, an “immersive” video collaboration product that has all the features of its higher-end T3 brethren but is aimed at smaller groups and regional offices. Cisco announced Oct. 1 its plans to buy Tandberg for $3 billion.
– Being bought by Cisco Systems isnt keeping Tandberg from growing its Total Telepresence product line.
Cisco announced Oct. 1 that it was planning to buy Tandberg for $3 billion to
expand its video conferencing capabilities. Tandberg in August unveiled
its Telepresence T3 technology, an “immersive…


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Cisco Offers $3 Billion for Tandberg in Enterprise Video Play

October 1st, 2009 | No Comments

Cisco agreed to acquire video conferencing rival Tandberg for $3 billion in cash, the latest move in the networking giant’s hungry push in the collaboration market. Cisco believes such enterprise video tools are a cornerstone of the $34 billion collaboration technology market. In buying Tandberg, Cisco is removing a rival and strengthening its own video infrastructure offerings, particularly in European markets, where Tandberg was strong.
–

Cisco Oct. 1 agreed to acquire video conferencing rival
Tandberg for $3 billion in cash, the latest move in the networking giant’s
hungry push in the collaboration market.
The bid is an 11 percent premium over the Sept. 30 closing
price of Tandberg’s stock, and a 25 percent premi…


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