History
The company was established in 1988 by a group of ten scientists of the Weizmann Institute, a university and research institute in Rehovot, Israel. The company was based on technology developed by the Israeli cryptographer Adi Shamir and his partner Amos Fiat.Shamir and Fiat devised a coding solution for the encryption system used in satellite broadcasts.
In 1992, one year after finalizing its product, the company was acquired by its primary customer, News Corp, for $15 million. In 1999, the company began trading as a public company on the NASDAQ stock exchange. In 2009, Permira and News Corporation announced a $3.6 billion arrangement for buying the public holding in NDS, turning it into a privately held company.
Read more about this topic: NDS Group
Famous quotes containing the word history:
“I cannot be much pleased without an appearance of truth; at least of possibility—I wish the history to be natural though the sentiments are refined; and the characters to be probable, though their behaviour is excelling.”
—Frances Burney (1752–1840)
“I believe that history has shape, order, and meaning; that exceptional men, as much as economic forces, produce change; and that passé abstractions like beauty, nobility, and greatness have a shifting but continuing validity.”
—Camille Paglia (b. 1947)
“I am ashamed to see what a shallow village tale our so-called History is. How many times must we say Rome, and Paris, and Constantinople! What does Rome know of rat and lizard? What are Olympiads and Consulates to these neighboring systems of being? Nay, what food or experience or succor have they for the Esquimaux seal-hunter, or the Kanaka in his canoe, for the fisherman, the stevedore, the porter?”
—Ralph Waldo Emerson (1803–1882)