Scientific-Atlanta is determined to beat the slowdown back home by making its presence felt in other markets.

Its purchase of Belgium company BarcoNet NV is a step in this direction. BarcoNet is a leading provider of multimedia distribution solutions for broadband and broadcast applications. Focussing on internet-over-cable and other interactive digital services, BarcoNet‘s customers include the world‘s largest broadband operators, in cable as well as terrestrial, telecom, satellite or wireless applications.

Scientific-Atlanta, the leading supplier of digital content distribution systems as well as transmission networks for broadband access to homes, will launch a public tender offer for the outstanding common stock of BarcoNet at a price of ?5.70 per share in cash, together with all outstanding options, warrants and convertible securities, for an aggregate value of approximately US $ 154 million. The deal is expected to close next month. BarcoNet generated 98 million dollars in revenues for the year ended June 30, 2001.

BarcoNet distributes digital television manafactures headends for integrated multimedia services as well as high-speed digital fiber optic backbones. The company brings to the Scientific-Atlanta stables extensive customer relationships, strong product portfolios and local market knowledge. In turn, it will leverage the scale that Scientific-Atlanta brings in sales, engineering and support.

Five of the country‘s top Chief Information Officers (CIOs) were honoured in the presence of a galaxy of peers and captains of industry at the CIO Awards function held in Bangalore last Friday.
Konkan Railway Corporation CIO Sharad Saxena received the award in the Business Process Improvement category, while Tayco Electronics‘ CIO Sanjay Handu bagged the Business Decision Support award. Hughes Software Systems‘ Adesh Goyal was adjudged the best in the Human Resource Development category. Gujarat Co-operative Milk Marketing Federation CIO Subbarao Hegde received the award for the best Supply Chain Management, while BPCL CIO Ashok Sinha and Hegde were shared the award for the best customer management, according to an official release.

The awards were organised by the Technology Media Group (TMG) which runs the TMG channel. The company also publishes the CIO magazine, a monthly publication targeted at CIOs, CEOs, COOs, CFOs, and senior management from varied

Among those who attended the function were Karnataka IT Minister B K Chandrashekar, Nasscom president Kiran Karnik, NIIT chairman Rajendra Pawar, Britannia CEO Sunil Alagh and Kerala IT Secretary Aruna Sundararajan.

TMG president Achal Mehra said that the awards aim to accord recognition to the growing contribution of CIOs and their significance within the organisation.