Permira funds creates Synamedia from Cisco's SPVSS business
October 29, 2018
On October 29, 2018, Permira funds announced that it has acquired the Service Provider Video Software Solutions group from Cisco. Subsequent to the acquisition, Permira created Synamedia, an independent video delivery business whose technologies include Infinite Video Platform, cloud digital video recording, video processing, video security and client software. Financial terms of the transaction were not disclosed.
Permira is a UK-based private equity firm with over €30 billion in committed capital. Headquartered in London, it operates out of 14 offices across Europe, the United States and Asia.
Cisco is a technology company headquartered in San Jose, California. It provides a variety of solutions including home networking, IP telephony, optical networking, security, storage area networking, and wireless technology.
McCarthy Tétrault LLP advised Permira with a team led by Jonathan See and Jake Irwin that included Debbie Salzberger and Ashley Taborda (Competition), Marissa Caldwell (Intellectual Property), Patrick McCay and Wendy Brousseau (Tax), and Matthew Demeo (Labour and Employment).