Cisco to buy Inlet for $95m to boost streaming video
updated 02:45 pm EST, Mon February 7, 2011
Cisco to buy out Inlet for $95 million by July
Cisco Systems is planning on buying out Inlet Technologies for $95 million in an effort to bolster its streaming video abilities, the Wall Street Journal reported on Monday. The deal would help users access video on handheld devices. The deal should be completed by the first half of the year and will integrate Inlet employees into Cisco's service provider video technology group.
The $95 million will be paid in cash and retention-based incentives to keep employees from leaving, though how it will be split isn't being divulged.
Inlet is based in Raleigh, NC and provides Adaptive Bit Rate (ABR) digital media processing platforms. Inlet will strengthen Cisco's Videoscape TV platform. Cisco has been working with Inlet for two years.
