This is a very interesting acquisition for Cisco. It is difficult to tell whether this is an expansion of their current market strategy, or simply a new tool to use to maintain current market share and possibly achieve greater market share. If properly merged, this could be a plus for them.
NDS has a long history. See the story here: http://msn.fool.com/EETimes/1997/EETimes970613d.htm
This is what I wrote back in 1997 when I visited NDS in Heathrow:
In the field of digital-video technology alone, News Corp. recently  consolidated three companies under the name NDS: a company formerly known as News Digital Systems, Digi-Media Vision and News Datacom. Digi-Media, before being acquired by News Corp., was the advanced-product division of the U.K.'s National Transcommunication Ltd.
One of the things about NDS that always impressed the industry about its conditional-access expertise. Without a good encryption technology, streaming video -- whether done through satellite, cable or "cloud" -- has always been an iffy proposition to content providers.
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Are the design challenges the same as with embedded systems, but with a little developer- and IT-skills added in? What do engineers need to know? Rick Merritt talks with two experts about the tools and best options for designing IoT devices in 2016. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.