**Editor's Note: Please click here for a summary of the biggest M&A in Q2 in the service-provider space.**
Cisco has completed the acquisition of NDS Group Ltd., a provider of video software and content security solutions that enable service providers and media companies to securely deliver and monetize new video experiences.
Cisco says NDS' software platform, customer segments and services model complement the equipment giant's networked video offerings and accelerate the delivery of Videoscape, Cisco's platform that enables service providers and media companies to deliver next-generation video. Through the NDS acquisition, Cisco says it has also expanded its global video footprint in new and emerging markets, further broadening its service provider presence and deepening customer relationships.
NDS employees join Cisco's Service Provider Video Technology Group (SPVTG). When the deal closes, Dr. Abe Peled, formerly NDS chairman and CEO, becomes senior vice president and chief strategist for Cisco's Video and Collaboration Group.
Cisco is paying $5 billion for NDS, including the repayment of debt and retention-based incentives.
"The addition of NDS' leading software solutions and systems integration expertise play a key role in accelerating the Cisco Videoscape platform aimed at delivering better-than-being-there entertainment experiences," said Jesper Andersen, senior vice president and general manager, Service Provider Video Technology Group. "Through our combined expertise, we look forward to providing the next-generation TV experience that is more immersive, engaging and social, while helping to create new revenue opportunities for our service provider customers."