Ericsson agreed to pay $95 million for Fabrix Systems,...
Ericsson agreed to pay $95 million for Fabrix Systems, a provider of video cloud storage, computing and network delivery that includes cable and telecom cloud DVRs. The deal lets video providers more quickly move customer services and applications to the…
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cloud and ensure high-quality video delivery to TV Anywhere devices, the companies said in a news release Friday (http://bit.ly/WTf4Sa). It said the deal is expected to be completed next quarter. IDT said separately that it agreed to sell its approximately 78 percent stake in Fabrix to Ericsson (http://bit.ly/YDuv2R).