C-COR buys nCUBE for $89.5 million: VOD server company's back-office system was key to the deal--business evolving, buyer says.
Multichannel News, October, 2004 by Stump, Matt
Larry Ellison's nCUBE Corp. is cashing out of the crowded video-on-demand server field, agreeing to be sold to C-COR Inc. for $89.5 million. C-COR executives said the transaction is as much as a software deal as a video-on-demand server deal: nCUBE will be folded into C-COR's software business unit, with nCUBE CEO Michael Pohl assuming duties for that unit.
"The strategic play is really on the software side," said C-COR chief technology officer Ken Wright. "That's really where we've had our sights set and an area where there is a great need in the operator world." C-COR is putting up $20 million in cash, $35 million in convertible notes and 4.5 million shares of stock, making the deal worth $89.5 million. C-COR will still sell and support...
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