Cisco Completes $5 Billion Buy of NDS

San Jose-based Cisco said this morning it has completed its acquisition of NDS Group Ltd., a developer of video software and content security products. Cisco had said in March that it would pay approximately $5 billion for NDS. NDS becomes part of Cisco's Service Provider Video Technology Group (SPVTG), with Dr. Abe Peled, former NDS Chairman and CEO, becoming senior vice president and chief strategist for Cisco's Video and Collaboration Group.