News Briefs

  Adar 22, 5772 , 16/03/12

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.

Other archived news briefs:Mar 16 2012, 10:58 AM, 3/16/2012