PRESS RELEASE

Cisco and NDS Reinvent the TV Experience at IBC 2012

Combined Companies Showcase Next-Generation Videoscape Experiences Delivered to "Any Screen"

SAN JOSE, Calif., and AMSTERDAM, IBC, September 7, 2012 – At IBC this week, Cisco and its newly acquired NDS unit are showcasing next-generation video capabilities combining the power of the network, cloud and client to help service providers and content providers accelerate time to market with new multiscreen video services. Cisco and NDS, together, will continue transforming how operators can deliver live and on-demand video experiences and services for consumers worldwide. Visit Cisco on stand 14.115 in The Connected World, Hall 14, and NDS on stand A71, Hall 1.

Highlights:

• Cisco will highlight next-generation Videoscape capabilities, including advanced solutions for time-shifted TV, the Videoscape Distribution Suite, a new and enhanced content delivery systems portfolio with the latest CDN features such as CDN Federation, new Videoscape-capable set-top boxes and modular converged cable access platform (CCAP) technology.
• On its stand, NDS will demonstrate solutions that are set to greatly enhance the Cisco Videoscape portfolio. NDS will highlight its proven solutions to unify, extend and enhance pay-TV services over managed and unmanaged networks. In addition, NDS will showcase advanced, award winning user interfaces, including customer deployments for leading European pay-TV platforms.

Additional Cisco news at IBC:

• Cisco's ‘Videoscape Distribution Suite' Revolutionizes Video Content Delivery to Multiple Screens
• European Broadcasting Union (EBU) Executes on Streaming Strategy for Major Sports Events with Cisco Videoscape Media Processor
• Cisco Videoscape Enables German Broadcasters to Expand HDTV Services
• SBB-Telemach Group Selects Cisco PDS Set-Top Box Series

Cisco Speakers at IBC:

• Chris Dedicoat, president, European Markets, Cisco: IBC 2012 Leaders' Summit, "The Geeks Shall Inherit the Earth?," Thursday, September 6, 1:30-3:45 p.m., Forum, RAI Amsterdam
• Kevin Murray, systems architect, NDS, now part of Cisco: "New Ultra High Resolution Displays and Imaging," Thursday, September 6, 4:00-5:30 p.m., Emerald Room, RAI Amsterdam
•  Nick Thexton, CTO, Cisco Service Provider Video Technology Group: "The Great Connected Television Debate: Will the Internet be the End of Television as We Know It?," Saturday, September 8, 4:30–5:30 p.m., Forum, RAI Amsterdam
•  Ken Morse, VP, Cisco Service Provider Video Technology Group: Connected Consumer Debates: "Debate 3: Connecting the TV," Saturday, September 8, 12:00–1:00 p.m., IBC Connected World Demonstration Area – Hall 14, RAI Amsterdam
• Nick Thexton, CTO, Cisco Service Provider Video Technology Group: "IP Services and Technologies- The Challenges of Multimedia on Multiscreens," Monday, September 10, 11:30 a.m.-1:00 p.m., Emerald Room, RAI Amsterdam
• Alex Ashley, Principal Systems Architect, NDS, now part of Cisco: "Next Generation Cable & Wireless Networks: Challenges & Technologies," Monday, September 10, 2:00-3:30 p.m., Emerald Room, RAI Amsterdam

Supporting Quotes:

• Jesper Andersen, senior vice president and general manager, Cisco Service Provider Video Technology Group

"Consumers today expect multi-screen, on-demand TV and video experiences that are intuitive and reliable. With NDS now part of Cisco, we are on a fast track to providing broadcasters, content distributors, and service providers with the necessary solutions to deliver ground-breaking video experiences to any connected device – anywhere and anytime. Together, we are reinventing the TV experience with Videoscape. By integrating Cisco and NDS technologies, we can help operators to further innovate and differentiate their video services and drive new revenue streams, all while protecting existing investments."

• Jason Blackwell, director of service provider strategies at Strategy Analytics

"Interworking cloud, network and client, the modular, open Videoscape platform offers service providers and content providers an agile services platform, and a flexible migration strategy to an all IP environment. The addition of NDS software video platforms and a services-focused business model strengthens and expands the Videoscape platform, providing a complete, well-rounded offering for operators to explore at the show."

Supporting Resources:

• About Cisco Videoscape http://www.cisco.com/go/videoscape
• Cisco Service Provider blog: SP360: http://blogs.cisco.com/sp
• Follow Cisco IBC news and activities on Twitter: #CiscoIBC and #Videoscape

Tags/Keywords

Cisco, CDN, CDN Federation, cloud, Chris Dedicoat, Nick Thexton, ESPN, EBU, IBC, NDS, Serbia Broadband, SBB-Telemach, Jesper Andersen, Videoscape, Videoscape Distribution Suite

RSS Feed for Cisco: http://newsroom.cisco.com/dlls/rss.html

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go tohttp://newsroom.cisco.com.

#   #   #

Cisco Network Week in Review

The Network Week in Review and Look Ahead: March 12-16

Check out The Network's top news stories of the week and what to look forward to next week.

March 15 , 2012

It's almost the weekend and the start of March Madness! Who has filled out their NCAA basketball brackets and watching the games? Should be a great couple weeks of college basketball!

Okay, now back to Cisco. Take a look at our top news stories of the week...

1.) Cisco Announces Intent to Acquire NDS

Yesterday Cisco announced its intent to acquire NDS Group Ltd., a leading provider of video software and content security solutions that enable service providers and media companies to securely deliver and monetize new video entertainment experiences. Read SVP Marthin De Beer's blog on how the acquisition of NDS accelerates Cisco’s video entertainment strategy.

2.) Online Platforms Link Impact Investors and Triple Bottom Line Companies

Check out this new feature article by writer Anne Field on how social stock exchanges and match-making services aim to address a gap in a growing market. What do you think about online marketplaces linking up impact investors and companies?

3.) Citites of the Future: Songdo – Water Conservation

Across the globe, clean water resources are shrinking as the world's population expands. Songdo is using innovative methods to conserve water. Episode 6 in the series.

4.) Cisco EVP, Rob Lloyd Talks to 'The Street.com'

Rob Lloyd, Cisco's Executive Vice President of Worlwide Operations talks to the 'The Street's' James Rogers aboout social networks, mobility, the iPad, broadband, Cicso's future and much more. Watch the interview now!

Be sure to check back next week as we have a lot planned. Take a sneak peek!

• How Machines are Learning to Make Up thier Own Minds: Read this new feature on Monday about how a Spanish research team is working on a significant breakthrough in artificial intelligence.

• Technology for Mom and Pop: On Tuesday learn how the latest technology - driven by location-aware mobile devices, cloud computing and low cost apps - is helping to drive sales back to physical stores.

Have a great weekend and enjoy all the basketball games!

PRESS RELEASE

Cisco Announces Intent to Acquire NDS

Acquisition of NDS Will Expand Cisco's Ability to Transform How Service Providers and Media Companies Worldwide Deliver Next-Generation Video Experiences to Subscribers

Related Information

Cisco Headquarters - San Jose, CA

SAN JOSE, Calif., and LONDON, March 15, 2012 – Cisco (NASDAQ: CSCO) today announced its intent to acquire NDS Group Ltd., a leading provider of video software and content security solutions that enable service providers and media companies to securely deliver and monetize new video entertainment experiences.

NDS uses the combination of a software platform and services to create differentiated video offerings for service providers that enable subscribers to intuitively view, search and navigate digital content anytime, anywhere and on any device.

The acquisition of NDS will complement and accelerate the delivery of Videoscape™, Cisco's comprehensive platform that enables service providers and media companies to deliver next-generation entertainment experiences. Acquiring NDS will broaden Cisco's opportunities in the service provider market, expanding its reach into emerging markets, such as China and India, where NDS has an established customer footprint.

Under the terms of the agreement, Cisco will pay approximately $5 billion, including the assumption of debt and retention-based incentives, to acquire all of the business and operations of NDS. The acquisition has been approved by the boards of directors of both companies.

The acquisition is expected to close during the second half of calendar year 2012, subject to customary closing conditions, including regulatory review in the United States and elsewhere. The net impact to Cisco is expected to be accretive to EPS in the first full year on a non-GAAP basis.

Highlights/Key Facts

• Cisco's open, standards-based Videoscape platform, which spans the cloud, the network and end-user clients, is a key part of the company's overall video strategy to deliver TV experiences that make access to content more visual, mobile and social for consumers, while protecting and enhancing the value of content for service providers and media companies.
• The addition of NDS's leading software solutions, such as the end-user viewing client and content security solutions, combined with its systems integration expertise, will accelerate the delivery of the Cisco Videoscape platform.
• This acquisition reflects Cisco's increased strategic focus on video, one of its five foundational priorities, and its investment in software and services revenue streams and competencies.
• This acquisition underscores Cisco's commitment to its "build, buy, and partner" strategy to grow through a combination of organic innovation, targeted acquisitions and strategic partnering.
• In terms of valuation, on a forward-looking basis, the acquisition is generally in line with the earnings before interest, taxes, depreciation and amortization (EBITDA) multiples paid when NDS was taken private in 2009, and is within the multiples ranges for comparable deals, including Cisco's acquisition of Tandberg.
• A significant portion of NDS's software, services and content protection business is recurring, with long-term contracts, typically with an average duration of approximately five years.
• Prior to the close, Cisco and NDS will continue to operate as separate companies. Upon completion of the transaction, NDS's global operations, including sites in the United Kingdom, Israel, France, India and China, and its approximately 5,000 employees will join the Cisco Service Provider Video Technology Group (SPVTG), led by Senior Vice President and General Manager Jesper Andersen.
• Dr. Abe Peled, NDS Executive Chairman, will be named Senior Vice President and Chief Strategist for Cisco's Video & Collaboration Group, of which SPVTG is a part. Dr. Peled will report directly to Marthin De Beer, Senior Vice President, Cisco Video and Collaboration Group.

Quotes

John Chambers, Chairman and CEO, Cisco

"Our strategy has always been driven by customer need and on capturing market transitions. Our acquisition of NDS fits squarely into this strategy, enabling content and service providers to deliver new video solutions that leverage the cloud and drive new monetization opportunities and service differentiation."

Dr. Abe Peled, Executive Chairman, NDS

"Cisco and NDS are helping drive the transition that will enable service providers and media companies to offer new revenue-generating video experiences. NDS's open software video platform and services are highly complementary to Cisco technology, and together we are uniquely positioned to enable service providers to deliver fresh and exciting multi-screen video services to their customers.  A key component of NDS's success has been our open software and services model, working with a wide range of set-top box manufacturers to enable greater choice for our customers; following this acquisition this strategy will continue and expand the choice of hardware solutions available to service providers worldwide."

Dave Habiger, CEO, NDS

"This is a transformational opportunity for not only NDS and Cisco, but also our service provider customers and their consumers. Together we make the connected vision a reality."

Investor and Media Events:

• John Chambers, Cisco's Chairman and CEO, Ned Hooper, Cisco's Senior Vice President and Chief Strategy Officer, and Abe Peled, Executive Chairman of NDS, will host a joint investor call on March 15 at 6:00 a.m.  PDT to discuss the proposed transaction.  The dial-in number is 517-308-9354 (international) and 800-619-2472 (United States).  Conference call replay will be available from 10:00 a.m. PDT, March 15, 2012, to 4:30 p.m. PDT, March 30, 2012 at 203-369-3287 (international) and 800-469-5424 (United States). The replay also will be available via webcast from Thursday, March 15, through April 13, 2012 on the Cisco Investor Relations website at http://investor.cisco.com. 

• John Chambers and Abe Peled will host a joint Web-based video press conference on March 15 at 9:30 a.m. PDT. Members of the media are invited to watch this live webcast by clicking here.  Please note that online registration is required.  A broadcast replay will be available within 24 hours.  For more information on this announcement, please visit newsroom.cisco.com.

RSS Feed for Cisco:  http://newsroom.cisco.com/rss-feeds