Cloud Computing: Ericsson acquires Fabrix Systems for $95m
September 14, 2014
Grazed from Globes. Author: Roy Goldenberg.
Swedish technology giant Ericsson (Nasdaq:ERIC) has announced that it is acquiring Israeli cloud storage company Fabrix Systems in order to consolidate its position in network delivery for video applications, media storage and TV. Fabrix Systems was founded in 2006 and has 93 employees in Ra’anana and 10 more in the US.
Fabrix Systems has 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 (VOD) expansion. The approach takes advantage of the latest advances in clustered storage; grid computing; virtualization and video processing technologies enabling a wide range of applications…
The acquisition will enable Ericsson to offer new services and migration to cloud DVR deployments in all TV platforms including Ericsson MediaFirst and Ericsson Mediaroom. It also adds to Ericsson’s video-centric network and services capabilities to ensure that video can be managed, stored and delivered from the cloud to all TV Anywhere devices efficiently and with assured quality of experience…
Read more from the source @ http://www.globes.co.il/en/article-ericsson-acquires-fabrix-systems-for-95m-1000971189