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      Free Daily Israel Report
      Archive: 3/16/2012
      10:58
      Reported

      News Brief

        3/16/2012, Adar 22, 5772

      Cisco Buys NDS


      Telecommunications giant Cisco Systems is buying the NDS video technology company, which employs about 1,000 people in Israel, a majority of whom are observant. The price of the deal is estimated between 4.5 and 5 billion dollars.

      NDS was founded in 1989 by five graduates of the Machon Lev Jerusalem College of Technology. The company recruited another 150 workers from the ranks of the students and alumni.