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Ericsson completes acquisition of Envivio

Tuesday 27 October 2015 | 21:12 CET | News
Ericsson has completed the acquisition of software-based video encoding specialist Envivio. The deal was completed through a merger of its indirect wholly-owned subsidiary, Cindy Acquisition, with and into Envivio. Envivio survives the merger as a wholly-owned subsidiary of Ericsson. As a result of the merger, Envivio shares will be delisted from the NASDAQ Global Select Market. Envivio has an installed base of more than 400 TV service providers and content-owner customers worldwide. Ericsson announced plans to acquire Envivio in September for a price of USD 4.10 per share in cash, or around

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Categories: Broadcast & Satellite
Companies: Envivio
Countries: World
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