Cisco Systems, the world's biggest maker of computer networking equipment, has acquired Denmark's DiviTech, a leader in the digital service management (DSM) market. Divitech's DSM solution offers media broadcasters, cable and internet protocol television service providers an intuitive interface for creating, modifying and managing video networks. Financial details of the deal have not been disclosed.
Dean Rockwell, vice president and general manager of the digital media business unit in Cisco's Service Provider Technology Group says in a press release: "DiviTech provides Cisco with a core team of some of the most talented engineers in the DSM market. Divitech's DSM platform will serve as the foundation for Cisco's continued leadership in next generation management tools and applications for complex video networks."
The acquisition of DiviTech is subject to a number of standard conditions and is expected to be completed in Cisco's fourth quarter of financial year 2008. Cisco plans to integrate DiviTech into Cisco's Digital Media business unit, and DiviTech's staff will move to Cisco's Danish headquarters in Søborg north of Copenhagen.
Cisco is generally expanding its business activities in Denmark. As previously reported on this website, the company opened an European design centre in May at its Linksys division in Hørsholm, Denmark, the former Kiss Technology, which Cisco acquired for DKK 374m (USD 77.6m) in 2005. The new Linksys Cisco design centre is the only one of its kind outside the US, where the company is headquartered.