Ericsson has agreed to acquire Fabrix Systems, a provider of cloud storage, computing and network delivery for video applications, for $95 million.
Through the acquisition, Ericsson intends to extend its TV and media portfolio by adding processing and delivery applications such as cloud digital video recording (DVR) and video-on-demand (VOD) functionality.
The acquisition will allow the vendor to add new services and migrate to cloud DVR deployments for all its TV platforms including Ericsson MediaFirst and Ericsson Mediaroom. It also adds to Ericsson's video-centric network and services capabilities, Ericsson said.
This acquisition will support Ericsson’s TV service provider clients to migrate key consumer services and applications into the video cloud while ensuring delivery of video efficiently and with quality of experience to TV Anywhere devices.
"We are investing significantly across our TV platform and video-network areas to extend our market leadership position,” said Per Borgklint, Ericsson’s SVP and head of Business Unit Support Solutions. “Fabrix Systems further positions Ericsson to help customers deliver on the Networked Society's global demand for personalized video content on any screen, at any time."
Ericsson expects to close the acquisition in the fourth quarter. Upon the completion of the deal, Fabrix Systems, which has 103 employees, will become part of Ericsson’s Business Unit Support Solutions.
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