Subsequent to a lengthy review of its Service Provider video business, Cisco is divesting its Service Provider Video Software Solutions (SPVSS) segment. Private equity firm Permira will acquire Cisco’s video security, video experience, and video processing assets. While neither the name of the new entity, nor the value of transaction has been disclosed, it is known that Abraham Peled – NDS’ former CEO and Chairman – will reclaim his role as Chairman of the new company. Subject to regulatory approval, Cisco anticipates that the sale will complete by the end of October 2018, or within Q1 of Cisco’s 2019 financial year.