December 2 2013We reported on 10282013 on a pou

first_imgDecember 2, 2013We reported on 10/28/2013 on a pour for the footing of a shade structure across from the Arcosanti site. The SUNAMI shade structure was generously donated by alumnus The concrete has cured and day before Thanksgiving the crew erected the steel structure for the shade.There is a visitors trail that starts below the Crafts III building, winds its way into the valley and comes back up to an observation platform, where the structure is located.The SUNAMI shade is the centerpiece of a planned rest area on the Arcosanti visitor trail.last_img read more

Balan Nair Liberty Globals chief technology and i

first_imgBalan NairLiberty Global’s chief technology and innovation officer, Balan Nair, is set to become president and CEO of Liberty’s Latin American and Caribbean arm once it is spun off.Liberty Global said Nair will remain in his current role until its LatAm operation is split-off into a separate public company, which is expected to take place around the end of the year.Nair joined Liberty Global 10 years ago, during which time he has managed the group’s fixed and mobile network operations, broadband and video product development and strategic planning. The search for his successor is already underway.“Balan is an exceptional technologist and operating executive who has delivered tremendous value to our company as CTO,” said Liberty Global CEO, Mike Fries.“He has led us into the future with next-generation broadband, video and mobile products, and has transformed our entire technology operating model.“I am excited that Balan has agreed to lead this new company into the future, and I look forward to continuing our close working relationship as part of the broader Liberty family.”Nair said: “It’s been a privilege to work with and learn from Mike Fries and John Malone, and I am proud and humbled to have the opportunity to continue collaborating with them in my new role as President and CEO of Liberty’s Latin American and Caribbean operation.”Alongside  Nair and Fries, who will be executive chairman, the board of the new LatAm company is expected to include Liberty Global chairman John Malone, Liberty CFO Charles Bracken and Liberty directors Paul Gould and Miranda Curtis.Three additional directors have been identified for their “regional expertise and strategic value”: former chairman of Charter Communications, Eric Zinterhofer; the co-CEO of Grupo Televisa, Alfonso de Angoitia; and founder and former CEO of Columbus Communications, Brendan Paddick.Nair brings nearly 25 years of experience in the telecoms, internet, cable and media industries to his new role. Prior to Liberty Global he was AOL’s chief technology officer and before that spent 12 years at Qwest Communications International.last_img read more

A company backed by privateequity outfit Permira

first_imgA company backed by private-equity outfit Permira is to acquire Cisco’s service provider video software solutions business, with former NDS chairman and CEO Abe Peled to return as chairman of the new venture.Abe Peled receiving a Digital TV Europe Euro50 Lifetime Achievement Award in 2013When the deal closes, the Permira Funds will create a rebranded company focused on technology for the pay TV industry. Its product lines will encompass Cisco’s Infinite Video Platform, cloud digital video recording, video processing, video security, video middleware, and services groups.Peled has been acting as advisor to the funds.The sale of the video business has been approved by Cisco’s board. The company will retain video and media technology assets that are related to its core business in networking , multi-cloud, security, data and collaboration.The deal is expected to close in Cisco’s financial first quarter for the 2019 financial year, meaning the third calendar quarter of this year.Reports that Cisco was planning to sell the former NDS Group emerged in November, when Bloomberg reported that it was soliciting offers for the unit, which it acquired for US$5 billion five years previously.Cisco had earlier sold its set-top box and consumer hardware division, based on its earlier acquisition of Scientific-Atlanta, to Technicolor for €560 million, having acquired that unit for US$6.9 billion in 2005.Terms of the former NDS Group sale have not been disclosed, but are also likely to involve a massive discount on the purchase price.In a blog posting, Yvette Kanouff, SVP and general manager of Cisco’s service provider business, said that it was “the right time” for the service provider video group to become a standalone company. “I believe it will be very successful, and it will be focused solely on growth in this marketplace,” she said.Kanouff also said that Peled would “a great steward to the board and to the business”.She said Cisco remained “dedicated to the service provider business and to our service providers customers”.In his prepared statement, Peled said that the new company would “have the scale, technology innovation, and world-class team to deliver outstanding go-to-market execution, customer engagement, and new end-user experiences”.He said that Cisco had built “a profitable business” in the video space with innovations focused on IP distribution and cloud video.“I am thrilled to be working again in this area with Permira who is committed to innovation and support for our Pay-TV customers, and look forward to the ongoing working relationship with Cisco in support of our mutual customers,” said Peled.Cisco chairman and CEO Chuck Robbins said that the new company under Peled would be “well-positioned to drive this work forward and continue to deliver the solutions that meet the current and future needs of service provider video customers”.Paolo Pescatore, VP, multiplay and media, CCS Insight, commenting on the deal, said: “Cisco follows Ericsson in selling its video business to a private equity firm. It is a reflection of the challenging landscape. There are too many solution providers chasing too few dollars. Bottom line, many of these solutions providers have diversified and now need to focus on core areas. Despite this, the media and telecoms industries are closer than ever. There will be more casualties due to further disruption. This represents an opportunity for other providers who still focus on connectivity and delivery of video over the Internet.”last_img read more

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