Cisco Completes Acquisition of DVN Set-Top Box Business
SAN JOSE, Calif., SHANGHAI and HONG KONG, Cisco (NASDAQ: CSCO) announced it has completed its acquisition of the set-top box business of DVN (Holdings) Limited (SEHK: 0500). Listed in Hong Kong with major operations in China, DVN is a market and technology leader in digital cable solutions in China and shares Cisco’s vision of a high-performance, scalable and services-rich cable interactive platform extending into every home.
The newly-acquired business will run entirely from within China – from design, sourcing and logistics through to marketing, sales and service. The acquisition will enable Cisco to offer customers in China an end-to-end solution, including DVN’s set-top box products and the Cisco® IP Next-Generation Network (IP NGN) platform.
With the completion of the transaction today, the DVN set-top box business is now part of the International Cable Business Unit (ICBU) within the Service Provider Video Technology Group (SPVTG) at Cisco.
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