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News

• Cisco closes Tandberg video acquisition

  Cisco Systems closed its acquisition of Tandberg on Monday, formally ending a tense struggle over the fair value of the Norwegian videoconferencing vendor.

• DOJ won't challenge Cisco acquisition of Tandberg

  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.

• Tandberg partners with Datacraft NZ

  Telepresence provider Tandberg has expanded its local reach by appointing Datacraft as a systems integrator partner.

• Tandberg launches specialisation channel programme

  Tandberg claims its revamped channel programme has been developed to provide partners with a greater degree of flexibility.

• Corrent trades Blue Coat for Tandberg

  Tandberg has recruited Marco Corrent as ANZ channel manager, based in Sydney, following Adam Britten's promotion to Asia Pacific channel director

• Tandberg: Acquisition does not mean free ride for Cisco partners

  Cisco’s acquisition of video-conferencing player, Tandberg, will not guarantee its partners access to the vendor’s communications product range.

• Cisco wins Tandberg with 91.1 percent stake

  After a hard-fought battle, Cisco has won control of videoconferencing leader Tandberg with ownership of 91.1 percent of the company's shares. Cisco had to raise its initial US$3 billion offer and extend the acceptance deadline three times in order to gain control of the company. Cisco's initial offer, made on October 1, was rejected by more than 90 percent of Tandberg shareholders.  Late Thursday, at the expiration of the third acceptance deadline, Cisco said it controlled 89.1 percent of Tandberg shares. The condition for ownership of the company was control of 90 percent of Tandberg shares, but Cisco waived this condition based on a 2 percent stake it acquired in November, according to published reports.   Of the 140 or so acquisitions Cisco has made in the past 16 years, Tandberg was perhaps the most challenging. Two groups of shareholders controlling 30 percent of the company balked at the initial $3 billion offer. And then two investment firms representing other stakeholders issued a public letter to Cisco CEO John Chambers and Senior Vice President Ned Hooper stating that Cisco was undervaluing the company and spelling out specific reasons why it should hike its offer.

• Tandberg creates APAC channel director role

  Video conferencing company Tandberg has selected ANZ channel manager Adam Britten as its APAC channel director. The role is a newly created one. Britten joined the company in 2006 and helped to develop a two tier partner model.

• Videoconferencing adoption gains momentum: Tandberg

  Video communications systems are gaining popularity among local businesses, according to a recent survey released by Tandberg.

• Shareholders sue 3Com directors over HP merger

  3Com's board of directors is facing a lawsuit over the proposed acquisition by Hewlett Packard Development Company, but a financial analyst who studies Ethernet switching argued if approved, both vendors would benefit from the deal.

• Cisco ups offer for videoconferencing firm Tandberg to US$3.4B

  Cisco has raised its bid for Norwegian video conferencing vendor Tandberg to 19 billion Norwegian Kroner (US$3.4 billion), up from $3.0 billion, but says it will raise its price no further.

• Cisco extends Tandberg deal deadline

  Cisco this week said is extending the acceptance period for its $US3 billion cash offer to acquire Tandberg to Nov. 18. The initial acceptance deadline was Nov. 9.

• Cisco lays out why it might let Tandberg go free

  Cisco Systems may be laying the groundwork for dropping its US$3 billion offer for videoconferencing vendor Tandberg despite the emphasis it has placed on video as the future of communications.

• Videoconferencing all about the network: Tandberg

  Organisations are increasingly adopting overarching videoconferencing strategies based on network considerations, rather than making ad hoc decisions over end points, says Tandberg.

• Stockholders may block Cisco's purchase of Tandberg

  Cisco's bid for videoconferencing vendor Tandberg could be in trouble: Stockholders representing 24 percent of the shares in Tandberg do not intend to accept Cisco's US$3.0 billion offer, a Swedish stockbroker said on Thursday.