• Cisco to buy ScanSafe for $183 million
By The Associated Press
SAN JOSE (AP) – Cisco Systems Inc. plans to buy Web security company ScanSafe Inc. in a deal worth $183 million, the networking gear maker said on Tuesday.
Based in London and San Francisco, ScanSafe provides Web security services to businesses. Cisco said the Web security market is expected to grow to $2.3 billion by 2012, and buying privately held ScanSafe will expand its portfolio of security products and services.
Cisco said will pay about $183 million in cash and retention-based incentives. The deal is expected to close in Cisco's fiscal second quarter, which ends in January.
• Concurrent’s revenue drops in Q1
By CED staff
Concurrent, for its first quarter of 2010, reported that revenue was approximately $12.8 million, compared with $18.3 million in the previous year’s first quarter.
The company incurred a net loss of $1 million, or $0.12 per diluted share, in the first quarter of 2010, compared with net income of $93,000, or $0.01 per diluted share, in the same quarter of the previous year.
"Our video-on-demand business continued to be impacted by reduced spending by our top two North American MSO customers, which led to lower revenues in the first quarter. The impact on revenue was due to delays in implementing new projects in combination with utilization of existing VOD capacity, not cancellation of orders or loss of market share. In fact, the video-on-demand market is experiencing double-digit growth in consumer viewing," said Dan Mondor, Concurrent’s president and CEO. "We believe our first half of fiscal 2010 will be the bottom of this spending slow-down. The video market continues to migrate to an on-demand viewing experience across all three screens, and we are committed to provide new video and media data and advertising solutions to our current and prospective customers."
• Electroline intros ‘DeepDiving’ receiver
By CED staff
A new optical receiver module is being offered by Electroline Equipment that is designed to optimize the performance of RFoG access networks.
Electroline said it’s a “DeepDiving” receiver, which means it will operate at optical input levels as low as -27dBm and will provide excellent signal to noise performance.
The module is part of the ELink Optical Platform.
Electroline has a complete complement of RFoG products that can stand alone to deliver communications services to residences or businesses. The product line is compatible with, and can be overlaid on, existing xPON networks. Alternatively, xPON can be added to an RFoG deployment to supplement the need to add new service as demand increases in the future.