Ericsson agreed to acquire Fabrix Systems, a provider of cloud storage, computing and network delivery for cable and telecom cloud DVR deployments, for US$95 million.
Fabrix Systems, which has offices in Princeton, New Jersey and and Israel, developed a software-based, scale out, network attached storage (NAS) system that leverages the available processing resources on the cluster to also perform distributed computing. It features a “Shared Nothing” architecture and a Storage and Processing Grid that integrates media workflows and can ingest, store, process and stream massive amount of media. The company has 103 employees and was founded in 2006.
Per Borgklint, Senior Vice President and Head of Business Unit Support Solutions at Ericsson says, “We are investing significantly across our TV platform and video-network areas to extend our market leadership position. Our Media Vision 2020 shows that traditional TV is shifting rapidly towards TV Anywhere and Ericsson’s leadership in broadcast, video and networks places us in a unique position to enable the most demanding customers to define and deliver the future of TV. Fabrix Systems further positions Ericsson to help customers deliver on the Networked Society’s global demand for personalized video content on any screen, at any time.”
http://www.ericsson.com/news/1855552
- Fabrix Systems is headed by Mr. Ram Ben-Yakir, who was previously a cofounder of Elgix Ltd. Previously, he was Vice President of Engineering with Bandwiz Inc. where he was responsible for developing a Multicast VOD Server, and a video assets P2P distribution system.
