The Synamedia brand was unveiled today as the new company designation for the previously announced divestiture of Cisco’s Service Provider Video Software Solutions business to private equity group Permira. Since the transaction has yet to close, Permira and the management team have not been in a position to discuss specifics about the business.
Attendees of the Devoncroft Executive Summit in Amsterdam will hear about Synamedia’s vision for its business and – as important – for the future of the media technology sector from Synamedia’s Chairman Dr. Abe Peled. Dr. Abe Peled is a well-known executive in the media technology sector, having served as the CEO of NDS between 1995 and 2011, and then as Executive Chairman prior to NDS’s $5 billion acquisition by Cisco in 2012.
A snapshot of the speaker lineup for the Event is included below. For those parties interested in attending, information on how to register is available here.
Synamedia’s products and services span much of the delivery portion of the media sector, including technology offerings for conditional access, middleware, cloud DVR, and compression, among other related OTT technology components. It is a large business. The last public disclosure of full year revenue by Cisco was in mid-2017. Trailing twelve month revenue for the Cisco division was then $948 million – making Synamedia one of the largest stand-alone technology suppliers in the industry.
“Synamedia enters the market at a time when the TV landscape is being redrawn. Building on a 30-year heritage in the pay-TV industry, a market leadership position, and an unrivalled reputation for innovation, we will hit the ground running as a private, independent entity committed to help customers boost engagement and revenues by capitalising on the myriad opportunities that IP distribution and cloud-based services bring,” said Dr. Abe Peled in today’s release.
The transaction is expected to close during the first quarter of Cisco’s fiscal year 2019, which concludes at the end of October.
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