Ericsson to Acquire Israeli Cloud Storage Company for $95M
During IBC, Technology giant Ericsson announced that it is acquiring Israeli cloud storage company Fabrix Systems in order to consolidate its position in network delivery for video applications, media storage, and TV. Fabrix Systems was one of 17 companies participating in the Israeli Pavilion at the conference, and the news of Ericsson’s first acquisition in Israel for a reported $95M brought even more excitement to the already buzzing pavilion.
Fabrix Systems has a cloud based scale out storage and computing platform focused on providing a simple, tightly integrated solution optimized for media storage, processing and delivery applications such as cloud DVR and VOD expansion.
The acquisition will enable Ericsson to offer new services and migration to cloud DVR deployments in all Ericsson TV platforms and adds to their video-centric network and services capabilities to ensure that video can be managed, stored and delivered from the cloud to all TV Anywhere devices efficiently and with assured quality of experience.
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