After ten years of making networked set-top boxes, Cisco Systems plans to quit the business, selling its Connected Devices division to French firm Technicolor, the companies said Thursday.
Although Cisco will stop making video customer premises equipment for service providers, it will continue to develop software and cloud services to help telcos deliver IPTV and other video services to their customers, Cisco’s business development director Hilton Romanski wrote in a blog post.
The companies plan to collaborate on developing video products for service providers, he wrote, and that collaboration will include Romanski taking a seat on Technicolor’s board.