San Jose, Calif. – Cisco (NASD: CSCO) announced on Friday that it will
acquire Inlet Technologies, a provider of video processing technology, for $95
million.
Founded in 2003, Raleigh, N.C.-based Inlet provides video encoding and
related services to customers including the BBC, MTV, Major League Baseball,
NBC Sports and Yahoo.
The company has raised over $20 million in venture
capital, from backers including Capitol Broadcasting, Core Capital Partners,
Technology Venture Partners and Telecommunications Development Fund.
"Cisco’s
Videoscape platform will play a key role in reinventing the TV experience, and
the acquisition of Inlet will enable our customers to leverage the network as a
platform to deliver innovative video experiences to consumers on any
device," said Enrique Rodriguez, senior vice president and general manager
of Cisco’s service provider video technology group.
Related Links:
http://www.cisco.com/web/about/ac49/ac0/ac1/ac259/inlet.html
