Cisco bolsters video, buys digital media company Inlet
- — 05 February, 2011 04:31
Cisco this week announced its intent to acquire privately held Inlet Technologies, a provider of adaptive bit rate (ABR) digital media processing platforms, for $95 million in cash and retention-based incentives.
Inlet, based in Raleigh, N.C., will augment Cisco's new Videoscape TV platform by adapting the quality of the video stream based on real-time network conditions, Cisco says. Inlet's ABR technology is used in streaming multimedia over managed and unmanaged networks.
Videoscape, announced at the recent CES show in Las Vegas, is a TV platform for service providers that combines digital TV and online content with social media and other communications applications for home and mobile video entertainment.
Cisco expects to close the acquisition in the first half of this year. Inlet employees will be added to Cisco's Service Provider Video Technology Group.