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Cisco Wins Tandberg Takeover
Published Dec 7, 2009
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Cisco Systems has won its bid to take over Tandberg ASA and now holds 91% of the stock in the Norwegian company. The $3.4bn acquisition strengthens Cisco's position in the burgeoning market for high-cost videoconference systems known as telepresence. Cisco's telepresence product line is concentrated toward the top of the market, while Tandberg, the second-largest telepresence company, provides them with lower-priced products.
Posted by
VMD - [Virtual Marketing Department]
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