BREAKING NEWS

Cisco Systems to buy NDS for $5 billion

By GLOBES CORRESPONDENT

MARCH 15, 2012 17:03

Computer communications giant Cisco Systems will announce, probably Thursday, that it has acquired NDS for $5 billion.

NDS provides secure delivery solutions and other advanced inter-active systems for digital and pay-TV.

Headquartered in Staines near London, the company's R&D center is in Har Hotzvim, Jerusalem. NDS has 5,000 employees worldwide including more than 1,300 in Israel.

Founded in 1988 in Jerusalem and based on technology developed at the Weizmann Institute of Science, the company was acquired in 1992 by News Corp., controlled by Rupert Murdoch, which remained the largest shareholder until 2009. Also in 2009, the company was delisted from Nasdaq. Today, NDC is owned by Permira Advisors LLC (51%) and News Corp. (49%).

NDC had filed in December 2011 with the US Securities Exchange Commission (SEC) for a $100 million public offering.

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