Cisco Networks, which specialises in IT networking solutions, and Tandberg ASA have announced their product roadmap, months before the actual acquisition process is to be completed.
Both the companies released a joint press statement in which they claimed they remain competitors until the close of Cisco's $3.38 billion acquisition of the company, which is expected to be completed by the first half of this year.
Cisco and Tandberg also confirmed Cisco’s plans to use the product lines of both companies to develop Cisco TelePresence Technology Group that will allow businesses to communicate within their organisations using a three-screen, high-definition telepresence experience.
According to Cisco representatives, the TelePresence Technology portfolio will consist of Immersive TelePresence, Multipurpose Room Systems, Personal Systems, Platform Portfolio and Infrastructure.
Fredrik Halvorsen, Tandberg CEO, commenting on the proposed roadmap, said that “As we build a global video community, it is imperative that organizations are not locked in by technology. Our Total Telepresence solution is interoperable with a broad range of third-party solutions, including those from Polycom and Microsoft.”
Cisco Systems had acquired Tandberg in a $3.4 billion deal which will be completed sometime in 2010 and it will allow the IT giant to widen its existing portfolio in the video conferencing domain.