Deals
Cisco’s Chambers Sees Bigger Software Focus After NDS Deal
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Cisco Systems Inc. Chief Executive Officer John Chambers says he intends to make software a bigger focus after the company agreed to buy NDS Group Ltd. for about $5 billion to tap demand for next-generation video services.
The company is “moving to a more software-based model,” Chambers said yesterday, as San Jose, California-based Cisco announced its biggest acquisition in six years and its first major purchase since beginning a turnaround plan last year to improve profitability.