Cisco sells service provider video business back to Permira

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(Telecompaper) Cisco has agreed to sell its Service Provider Video Software Solutions (SPVSS) business to Permira, which will rebrand the company and have it focus on developing video services and systems for the pay-TV industry. Abe Peled will be the chairman of the new company. He was previously the CEO of NDS, the predecessor to SPVSS, which Cisco acquired in 2012 from Permira.
Source: Industry News (syndicated from Telecompaper.com)

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