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
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