Ericsson announces agreement to acquire Envivio
· Acquisition extends Ericsson's leadership position in TV and Media as a global end-to-end solution provider to enable customers to engage TV consumers every day · Ericsson to strengthen video compression position with combination of software and hardware encoding · Will bring deep competence in software-defined and cloud-enabled architectures for video processing, enhancing Ericsson's virtualized encoding approach Ericsson (NASDAQ:ERIC) today announced its agreement to acquire Envivio (NASDAQ:ENVI), by means of a tender offer for a price of USD 4.10 per share in cash, or