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The European Commission Approves Final Step in TANDBERG Purchase by Cisco
By Shamila Janakiraman, TMCnet Contributor
Cisco announced that the European Commission has approved the appointment of CompetitionRx for overseeing the commitments made by Cisco (News - Alert) to the European Commission for promoting interoperability in all collaboration efforts.
Also this appointment represents the final step in the clearance of the acquisition of TANDBERG from the European Commission. The commitments made by Cisco include divestment ownership of its TelePresence Interoperability Protocol or TIP and the library of open source software. This is useful for implementers of TIP besides assisting in the creation of the monitoring role.
Cisco sources also added that it will provide the industry body with all rights required for implementing TIP and also authorize the industry body to license all rights to interested parties. This authorization is expected to be royalty-free. Cisco also launched a Web site on April 8 for providing necessary TIP licensing information.
The announcement of approval regarding the appointment of CompetitionRx indicates that Cisco has received all regulatory approvals necessary to complete its acquisition of TANDBERG. The acquisition remains subject to regulatory review in Brazil; however, clearance in Brazil is not a condition to closing. Cisco's offer is now wholly unconditional. Under the terms of the offer, Cisco now has 14 days to close the transaction, said official sources.
Cisco provides networking solutions that help transform how people connect, communicate and collaborate. The company's unified data center solution helps organizations reduce total cost of ownership, accelerate business growth and also extend lifecycle of current infrastructure by transforming the data center into a more efficient, responsive and resilient asset.
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