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Scientific-Atlanta Acquires Video Compression Firm UB Video

Authored by Mark Hefflinger on February 13, 2006 - 11:28am.
Atlanta - Set-top box maker Scientific-Atlanta announced on Monday that it has acquired Vancouver-based UB Video, a provider of advanced video compression technology. Financial terms of the deal were not disclosed. "This combination will provide significant benefits to our customers worldwide as they roll out new and advanced standard- and high-definition programming services to satisfy consumer demand," said Dean Rockwell, vice president and general manager of digital media networks at Scientific-Atlanta. Cisco Systems' acquisition of Scientific-Atlanta for $6.9 billion is expected to close in the current quarter.
tags: Video | Scientific-Atlanta | Acquire | Compression | UB Video |