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:
“You that would judge me do not judge alone
This book or that, come to this hallowed place
Where my friends’ portraits hang and look thereon;
Ireland’s history in their lineaments trace;
Think where man’s glory most begins and ends
And say my glory was I had such friends.”
—William Butler Yeats (1865–1939)
“A great proportion of the inhabitants of the Cape are always thus abroad about their teaming on some ocean highway or other, and the history of one of their ordinary trips would cast the Argonautic expedition into the shade.”
—Henry David Thoreau (1817–1862)
“Jesus Christ belonged to the true race of the prophets. He saw with an open eye the mystery of the soul. Drawn by its severe harmony, ravished with its beauty, he lived in it, and had his being there. Alone in all history he estimated the greatness of man.”
—Ralph Waldo Emerson (1803–1882)