San Jose, Calif. – Network equipment giant Cisco said on Thursday it will pay approximately $5 billion to acquire U.K.-based NDS Group, a developer of video software and content security tools designed to let service providers and media companies deliver and monetize video.

The deal is expected to close after mid-year, when NDS’s approximately 5,000 employees will join Cisco’s Service Provider Video Technology Group.

NDS provides software and services that allow video subscribers to intuitively view, search and navigate digital content on any device.

Cisco said the acquisition will compliment its own Videoscape platform for service providers and media companies, as well as expand its reach into emerging markets such as China and India, where NDS has an established customer footprint.

“Our strategy has always been driven by customer need and on capturing market transitions,” said John Chambers, the chairman and CEO of Cisco. “Our acquisition of NDS fits squarely into this strategy, enabling content and service providers to deliver new video solutions that leverage the cloud.”

This article was also published in Potomac Tech Wire.

Related links:

Cisco – press release