Tuesday, May 1, 2018

Cisco Sells Off Video Software Solutions To Permira Funds

San Jose-based Cisco and private equity investor Permira said on Tuesday that a new company, created by Permira Funds, will acquire Cisco's Service Provider Video Software Solutions (SPVSS) business. Financial details of the transaction were not announced. Permira Funds was advised by Bank of America Merrill Lynch, which is also providing financing, with Fried, Frank, Harris, Shriver & Jacobsen LLP and Clifford Chance LLP acted as legal advisor to Permira.