Cisco Buys Scientific Atlanta For $6.9 Billion

Posted: Nov 18 2005, 8:06am EST | by , Updated: Aug 10 2010, 4:48pm CDT, in News | Other Stuff

 
Cisco Buys Scientific Atlanta for $6.9 Billion
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Cisco buying Scientific Atlanta for $6.9 Billion qualifies I guess for the deal of the month so far.

Scientific-Atlanta is a global provider of set-top boxes, end-to-end video distribution networks and video system integration.

"Video is emerging as the key strategic application in the service provider triple play bundle of consumer entertainment, communication and online services," said John Chambers, president and chief executive officer of Cisco Systems.

Scientific-Atlanta was founded in 1951 and held its Initial Public Offering (IPO) on July 29, 1959. The company has more than 7500 employees. For FY2005, which ended July 1, 2005, Scientific-Atlanta reported revenues of $1.91 billion. Scientific-Atlanta has platforms and technologies that enable scaling to millions of subscribers. This, along with the Cisco IP Next Generation Network architecture, will offer providers an open platform for video/IPTV and other integrated media services.

Cisco has with the purchase of Linksys and KiSS technology expanded their reach into the consumer homes recently
More details of the deal in this Cisco press-release (Thanks Larry R.).

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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