Cisco today announced a definitive agreement to acquire the set-top box business of DVN (Holdings) Limited. Listed in Hong Kong with major operations in China, DVN is a market and technology leader in digital cable solutions in China and shares Cisco’s vision of a high-performance, scalable and services-rich cable interactive platform extending into every home.
In addition to the acquisition, Cisco has entered into a go-to-market alliance with the remainder of the DVN organization in order to utilize the company’s middleware and advanced applications as well as integration and support services.
Full release here.
Cisco Vice President of Corporate Development Hilton Romanski discusses why this acquisition and alliance make sense for Cisco: