NDS

NDS enables pay-TV operators to deliver a unique viewing experience to their subscribers while ensuring that only paying viewers can access content. At exit, over a third of the world’s digital pay-TV households were relying on its technologies. See how we backed its growth…

UK

Realised

Together we achieved

  • The creation of the world’s leading technology provider to video content owners and aggregators
  • Significant new client wins in Europe and North America
  • Expansion in emerging markets, such as Latin America, India and China
  • The signing of NDS’s first large digital rights management contracts with DirecTV and BskyB, allowing content to be delivered securely across TV, mobile and tablets

This was accomplished by

  • Supporting new product innovations, hiring more than 1,000 additional developers from 2009 to 2012
  • Developing new market opportunities outside pay-TV, such as hybrid broadcast-broadband technologies and ‘Over-the-Top’ internet video, enabling providers to deliver exciting multi-screen video services to their customers
  • Focusing on core business through the disposal of OpenBet in February 2011

www.nds.com

The metrics

€2,431m

Transaction value

2009

Acquisition year

2.3x

ROI

2012

Exit year

Cisco

Trade sale

NDS smart card sales in China

2009 - £6.5m
2011 - £23.1m