Friday, February 4, 2005

TANDBERG TV Completes N2 Merger

TANDBERG Television completed its acquisition of Atlanta-based N2 Broadband, Inc., a provider of scalable, open-platform solutions for on-demand entertainment, for $118 million in shares and cash.

TANDBERG Television said the N2 Broadband's standards-based, open solutions are a natural extension of its own core technology and have already been integrated with TANDBERG Television's video compression systems.

N2 Broadband's President and CEO, Reggie Bradford takes on the role of President of TANDBERG Television, Inc. The new combined North American concern will be headquartered in Atlanta, Georgia, with a development facility in Denver, Colorado. The total staff for the Americas operation is approximately 180 employees.


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