Cisco buys Israeli-founded NDS for $5 Billion
According to Globes, NDS will be bought by communications giant Cisco. NCS provides secure delivery solutions and other advanced inter-active systems for digital and pay-TV.
Headquartered in Staines near London, the company’s R&D center is in Har Hotzvim, Jerusalem. NDS has 5,000 employees worldwide including more than 1,300 in Israel.
Founded in 1988 in Jerusalem and based on technology developed at the Weizmann Institute of Science, NDS is a digital TV systems company which was acquired in 1992 by News Corp. Today, NDC is owned by Permira Advisors LLC (51%) and News Corp. (49%).