Yesterday, Cisco Systems Inc. (CSCO) was given European approval to move ahead with the acquisition of TANDBERG. The antitrust division of the DOJ (Department of Justice) also announced they will not challenge the acquisition of the video conferencing company. Although the transaction remains subject to ongoing regulatory review in Brazil, the companies anticipate completion of the deal in the coming weeks.

TANDBERG is the market share leader and the fastest growing company in the video conferencing industry. They have dual headquarters in Oslo, Norway, and New York, USA, offices in 34 countries, and more than 1,500 employees across the globe.

Cisco’s commitments to the European Commission include divesting ownership of its TelePresence Interoperability Protocol (TIP) and the library of open source software useful to implementers of TIP to an independent industry body. Cisco will also provide the industry body with all other rights necessary to implement TIP and authorize the industry body to license those rights to any interested party, royalty-free. Consistent with its long-term support of interoperability and open standards, Cisco has committed to implement the actions above within a short period of time.

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