Envivio Becomes Ericsson Subsidiary


Ericsson has completed its acquisition of video encoder specialist Envivio (Ericsson to Acquire Envivio). The transaction was completed through the merger of Ericsson’s wholly-owned subsidiary, Cindy Acquisition Corporation, with Envivio. Envivio will now act as a wholly-owned subsidiary of Ericsson.

The deal was worth approximately $125 million.