Permira Funds to Acquire Cisco’s Service Provider Video Software Solutions Business
Permira to Create New Company Specifically Focused on Service Provider Video Operators and their Customers
Permira, the global private equity firm, and Cisco, announced that a company backed by the Permira Funds has entered into a definitive agreement to acquire Cisco’s Service Provider Video Software Solutions (SPVSS) business. Following the close of the transaction, the Permira Funds will create a new, rebranded company focused on developing and delivering video solutions for the Pay-TV industry.
The new company will…