M&A Deal Summary

Cisco Systems Acquires Tandberg ASA

On April 19, 2010, Cisco Systems acquired technology hardware company Tandberg ASA from Silver Lake for 3.3B USD

Acquisition Highlights
  • This is Cisco Systems’ 31st transaction in the Technology Hardware sector.
  • This is Cisco Systems’ 8th largest (disclosed) transaction.
  • This is Cisco Systems’ 1st transaction in Norway.

M&A Deal Summary
Date 2010-04-19
Target Tandberg ASA
Sector Technology Hardware
Buyer(s) Cisco Systems
Sellers(s) Silver Lake
Deal Type Add-on Acquisition
Deal Value 3.3B USD
Advisor(s) Agile Equity LLC
J.P. Morgan Securities (Financial)
Skadden, Arps, Slate, Meagher & Flom
Advokatfirmaet Thommessen AS (Legal)

Target

Tandberg ASA

Lysaker, Norway
Tandberg ASA is a provider of video conferencing solutions and telepresence products worldwide. It offers telepresence and video conferencing products, which include immersive systems, multipurpose room systems, and personal systems.

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Buyer(S) 1

Buyer

Cisco Systems

San Jose, California, United States
Category Company
Founded 1984
Sector Technology Hardware
Employees84,900
Revenue 57.0B USD (2023)
DESCRIPTION
Entrance to Cisco's corporate campus in San Jose, California.
Entrance to Cisco's corporate campus in San Jose, California.

Cisco Systems designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. Cisco provides a broad line of products for transporting data, voice, and video within buildings, across campuses, and around the world. The Company's products are designed to transform how people connect, communicate, and collaborate, and are installed at enterprise businesses, public institutions, telecommunications companies and other service providers, commercial businesses, and personal residences. Cisco was founded in 1984 and is based in San Jose, California.

DEAL STATS #
Overall 140 of 223
Sector (Technology Hardware) 31 of 40
Type (Add-on Acquisition) 134 of 215
Country (Norway) 1 of 2
Year (2010) 2 of 7
Size (of disclosed) 8 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-05 Rohati Systems

Sunnyvale, California, United States

Rohati Systems is a cloud-based security provider. Rohati’s system helps establish entitlements by controlling through its Layer 7 access method who has what access to data using context-specific attributes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-18 Moto Development Group

San Francisco, California, United States

MOTO Development Group is a design consulting firm that develops products and product strategies for the consumer industry.

Buy -

Seller(S) 1

SELLER

Silver Lake

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 104.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Silver Lake is a mega-sized private equity firm focused on a broad range of growth investments in and acquisitions of technology companies. Silver Lake is subdivided into several investing groups including Silver Lake Partners, Silver Lake Sumeru, Silver Lake Waterman, Silver Lake Alpine, and Silver Lake Kraftwerk. Silver Lake Partners pursues large-scale private investments in companies within the technology, tech-enabled and related growth industries. Silver Lake Sumeru invests in middle market technology companies with established business models and attractive growth prospects where there is an opportunity to create value through operational transformation. Silver Lake Waterman provides growth capital to later-stage companies in the technology and technology-enabled industries, offering flexible solutions to finance expansion and acquisitions. Silver Lake Alpine is Silver Lake's debt and credit investing arm. Silver Lake Kraftwerk provides growth capital to technology and tech-enabled businesses driving efficiency across the operations, energy, and resources industries. Silver Lake Partners was formed in 1999 is headquartered in Menlo Park, California.

DEAL STATS #
Overall 8 of 64
Sector (Technology Hardware) 2 of 6
Type (Add-on Acquisition) 3 of 18
Country (Norway) 1 of 1
Year (2010) 3 of 4
Size (of disclosed) 8 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-19 Groupon

Chicago, Illinois, United States

Groupon is a social eCommerce site. Groupon leverages social media and collective buying power to feature daily deals in more than 500 markets around the world. Groupon was formed in 2008 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-04 Interactive Data

Bedford, Massachusetts, United States

Interactive Data Corporation is a provider of financial information. Thousands of financial institutions and active traders, as well as hundreds of software and service providers, subscribe to the company's fixed income evaluations, reference data, real-time market data, trading infrastructure services, fixed income analytics,desktop solutions and web-based solutions. Interactive Data’s offerings support clients around the world with mission-critical functions, including portfolio valuation, regulatory compliance, risk management, electronic trading and wealth management. Interactive Data is headquartered in Bedford, Massachusetts and has over 2,400 employees in offices worldwide.

Buy $3.4B
Mergr

Product

Company

Legal