C-COR to Acquire nCUBE for $90 Million

C-COR agreed to acquire the business of nCUBE Corporation, a privately held company and worldwide provider of On Demand media and digital advertising systems, for roughly $89.5 million.



nCUBE's scalable On Demand video server delivers up to 120,000 simultaneous streams from a single site, without content duplication. nCUBE also supplies its application and server-neutral back office software management tools.



The payment terms consist of 4.5 million shares of C-COR common stock, $35 million of senior, unsecured 5-year convertible notes, $20 million in cash, and the assumption of certain liabilities. C-COR anticipates that, in the twelve months following closing, the nCUBE acquisition would add approximately $50 million in net sales and contribute to earnings after the integration is completed.



The deal follows four significant acquisitions completed by C-COR during 2004. The company said it is bringing together essential enabling capabilities--including optical transport equipment, OSS (operations support systems) software, and technical support services--required by the next generation of IP broadband and telecommunications networks. http://www.c-cor.nethttp://www.ncube.com