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Sweden : ERICSSON announces plan for FABRIX SYSTEMS buyout [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) As per the report, Ericsson declared retaining its portfolio into the software space, as per the late last week plans to take over Fabrix Systems. The cloud storage, computing and network delivery for video applications is being rendered by the Fabrix Systems. Currently, the plan is utilized in set-top boxes and digital video recorders. As per Ericsson, contract which was valued at $95 million, would enlarge its television and media portfolio with a cloud-based scale out storage and computing platform focused on providing a simple, tightly integrated solution optimized for media storage, processing and delivery applications such as cloud DVR and video-on-demand expansion, The company added that the move will take advantage of various technologies, including clustered storage, grid computing, virtualization and video processing technologies. We are investing significantly across our TV platform and video-network areas to extend our market leadership position, explained Per Borgklint, SVP and head of Ericsson s Business Unit Support Solutions. Our Media Vision 2020 shows that traditional TV is shifting rapidly towards TV Anywhere and Ericsson s leadership in broadcast, video and networks places us in a unique position to enable the most demanding customers to define and deliver the future of TV. (c) 2014 Euclid Infotech Pvt. Ltd. Provided by SyndiGate Media Inc. (Syndigate.info). |