Ericsson Folds in Fabrix Systems for $95M #IBC2014 - Broadcasting & Cable

Ericsson Folds in Fabrix Systems for $95M #IBC2014

Buys vendor with links to Cablevision’s network DVR
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Ericsson is adding more cloud DVR and VOD assets and talent to its video roster through a $95 million acquisition of Israel-based Fabrix Systems.

Ericsson, which wrapped up its acquisition of Microsoft’s Mediaroom unit about a year ago and its purchase of Azuki Systems in February, said its latest buy will expand its multiscreen video portfolio.

Fabrix specializes in cloud storage and computing and network-based video delivery. One of its known customers is Cablevision Systems, which is using Fabrix to help power its network-based Multi-Room DVR product that now allows customers to record as many as 15 shows at once following a recent upgrade.

For the full story go to Multichannel.com.

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