Home

N2 Broadband

Tandberg Television Buys N2 Broadband for $117 Million

Authored by Mark Hefflinger on February 8, 2005 - 3:01am.
London -- Tandberg Television, a U.K.-based video compression firm, announced on Tuesday that it has completed its acquisition of N2 Broadband, an on-demand digital multimedia firm based in Atlanta, Georgia. Under the terms of the acquisition, Tandberg will pay approximately $117 million in cash and shares. Moreover, N2 Broadband CEO Reggie Bradford will become president of Tandberg Television, and the newly merged company will be headquartered in Atlanta. "The N2 Broadband acquisition significantly accelerates the growth opportunities for both companies," said Tandberg President and CEO Eric Cooney. "For Tandberg Television, the addition of N2 Broadband immediately provides us with increased market presence in North America, as well as giving us new products that dovetail with our existing solutions to provide the world's most advanced open VOD systems." On completion of the deal, the entire N2 Broadband business will be integrated into Tandberg Television and use its name in all markets, Cooney said.
tags: Tandberg | Television | N2 Broadband |

U.K.'s Tandberg to Acquire VOD Firm N2 Broadband for $110 Million

Authored by Mark Hefflinger on December 17, 2004 - 9:04am.
Southampton, England -- Tandberg Television, a U.K.-based provider of professional video compression and TV delivery systems, announced on Friday that it has agreed to acquire Atlanta-based N2 Broadband, a provider of video-on-demand (VOD) delivery technology. Tandberg will tender between $110 million and $130 million in cash and shares for N2 Broadband in a deal that is expected to close in the first quarter of 2005. Tandberg is the primary supplier of video compression technology for European cable TV operators, while N2 Broadband's VOD systems are employed in the U.S. by cable TV providers and producers including Comcast, Charter, Cox, Adelphia, Time Warner, HBO and Starz-Encore. The deal is expected to help expand Tandberg's video compression technologies into the North American market while adding N2 Broadband's video-on-demand systems as an option for Tandberg's European and Asian cable TV and IPTV customers.
tags: Deals | U.K | Tandberg | VOD Firm | N2 Broadband |