C-COR agreed to acquire the business of nCUBE Corporation, a privately held company and worldwide provider of On Demand media and digital advertising systems, for roughly $89.5 million.
nCUBE’s scalable On Demand video server delivers up to 120,000 simultaneous streams from a single site, without content duplication. nCUBE also supplies its application and server-neutral back office software management tools.
The payment terms consist of 4.5 million shares of C-COR common stock, $35 million of senior, unsecured 5-year convertible notes, $20 million in cash, and the assumption of certain liabilities. C-COR anticipates that, in the twelve months following closing, the nCUBE acquisition would add approximately $50 million in net sales and contribute to earnings after the integration is completed.
The deal follows four significant acquisitions completed by C-COR during 2004. The company said it is bringing together essential enabling capabilities–including optical transport equipment, OSS (operations support systems) software, and technical support services–required by the next generation of IP broadband and telecommunications networks. http://www.c-cor.nethttp://www.ncube.com
