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Tandberg TV Acquires SkyStream Networks for $80 Million

Authored by Mark Hefflinger on February 9, 2006 - 3:42am.
Southampton, U.K. - Tandberg Television, a provider of digital video delivery technology to networks and distributors, has acquired SkyStream Networks, a provider of Internet video delivery technology, for $80 million. Founded in 1996, Sunnyvale, Calif.-based SkyStream employs 100 people and posted 2005 revenues of $30.7 million. U.K.-based Tandberg said the deal will allow it to expand its technology offering for IPTV with the addition of SkyStream's 300 customers, which include Reuters, Comcast, Clear Channel and EchoStar Communications.
tags: Acquire | SkyStream | Tandberg | $80 Million |