JSM Financial: Cisco gets regulatory clearance for Tandberg takeover.

March 30, 2010 - PRLog -- American multinational consumer electronics, networking and communications technology giant Cisco Systems Inc. has recently won regulatory clearance for the $3.4 billion acquisition of Norwegian video-conferencing firm Tandberg, JSM Financial sources have made known,  after making a minor concession to regulators concerning its growing power in the market.

The deal which was completed 6 months ago is set to cause major changes in a sector of the technology world that is seeing a lot of interest from some big name players.


Talks have recently halted between Apax and Tandberg’s chief competitor, Polycom after negotiations failed to yield a deal, as earlier reported by JSM Financial . Hewlett-Packard also recently concluded a deal to sell Polycom gear thereby extending its rivalry with Cisco. Industry analysts do not discount Hewlett-Packard as a potential future acquirer of Polycom even with the current alliance in place.


In co-ordinated statements, both the European Commission and the U.S. Department of Justice announced that they had approved the Tandberg takeover after Cisco agreed to allay Brussels's concerns and open up part of its technology.

Under its agreement with Brussels, Cisco is to hand over part of its technology to a teleconferencing industry body to ensure that other industry players are able to produce products that are capable of interoperating with Cisco’s telepresence systems, JSM Financial was informed.

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