Synamedia, the renamed NDS division that was acquired by Cisco, is back in independent hands.
Financed by global investment firm Permira, the buyout from Cisco’s Service Provider Video Software Solutions, has completed. Financial terms of the deal were not released.
Synamedia’s portfolio of over 200 pay-TV and media customers includes AT&T, Astro, beIN, Bharti Airtel, Charter, China DTH, Comcast, Cox, Disney, Foxtel, Get, Liberty Global, Oi, OSN, Rogers, Sky, Shaw, Tata Sky, Verizon, Viasat and Vodafone.
Synamedia’s technologies, protected by a global portfolio of 590 patents, encompass Infinite Video Platform, cloud digital video recording, video processing, video security and client software. Synamedia’s global team of experts provides end-to-end video services to customers spanning advisory, delivery, implementation, training, system integration and customer support.
The new business is chaired by Abe Peled, and its CEO is Yves Padrines. Padrines, in a statement issued October 29th said: “While we are in a golden age of TV, our customers face challenges including the rising cost of content, soaring piracy levels, and the impact of large OTT challengers on the market. As an independent entity focused on this sector, we will help our customers optimise their current infrastructure and capitalise on OTT and IP distribution to expand consumer choice and convenience, secure their income and generate new revenue streams.”