Hi folks! So big news recently! Cisco has closed the deal on the Tandberg acquisition to the tune of 3.3 billion dollars!
Why is this so significant you might ask? A growing part of Cisco’s business is Telepresence. This is the video conferencing technology that is used by Cisco. The purchase of Tandberg is a natural fit, especially since Tandberg is a popular choice for users.
By merging the two technologies, Cisco can position itself as the premier video conferencing solution. It should be interesting to see the results of this in the years to come.
You can read more about this here.