Menu
DOJ won't challenge Cisco acquisition of Tandberg

DOJ won't challenge Cisco acquisition of Tandberg

Decisions by the DOJ and EC allow the $3 billion acquisition to move forward

The U.S. Department of Justice won't challenge Cisco Systems' US$3 billion acquisition of video-conferencing service provider Tandberg, the agency announced Monday.

The acquisition of Tandberg, with dual headquarters in Oslo and New York, is not likely to be anticompetitive because of the evolving nature of the videoconferencing market and commitment Cisco has made to the European Commission to provide interoperable systems, the DOJ said in a news release.

Cisco announced in September that it planned to acquire Tandberg in a stock purchase deal. The two companies are competitors in the type of videoconferencing called telepresence, a high-definition service intended to simulate face-to-face meetings.

The European Commission also announced Monday that it has cleared the transaction. Cisco has made commitments to the Commission to facilitate interoperability between its telepresence products and those of other companies, the DOJ said. Cisco will help with the development of open operating standards, which can lower barriers for other competitors to enter the market, the DOJ said.

The DOJ and the Commission worked closely together on the investigation The investigation was "a model of international cooperation," Christine Varney, assistant attorney general in charge of the DOJ's Antitrust Division, said in a statement.

Cisco, based in San Jose, California, had annual revenue of about $35 billion in 2009. It is the largest provider of telepresence equipment worldwide.

Tandberg had revenue of about $900 million in 2009, and is the largest provider of videoconferencing equipment worldwide, the DOJ said.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags ciscodojtandbergmergers & acquisitions

Featured

Slideshows

Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
Show Comments