Networking equipment giant Cisco Systems Inc. on Friday announced its intent to buy privately- held Inlet Technologies, in a move to strengthen its capabilities to deliver on-line video to any device.
Under the terms of the agreement, Cisco will pay about 95 million U.S. dollars in cash and retention-based incentives in exchange for all shares of Inlet, which is based in Raleigh in the U.S. state of North Carolina.
In an introduction posted on its website, Inlet says that it provides innovative solutions that "scale seamlessly from mobile to web to high-definition, and are ideal for applications such as live streaming and video-on-demand."
"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," Enrique Rodriguez, general manager of Cisco's service provider video technology group, noted in a statement.
The acquisition is expected to be completed in the first half of 2011, Cisco said.
Under the terms of the agreement, Cisco will pay about 95 million U.S. dollars in cash and retention-based incentives in exchange for all shares of Inlet, which is based in Raleigh in the U.S. state of North Carolina.
In an introduction posted on its website, Inlet says that it provides innovative solutions that "scale seamlessly from mobile to web to high-definition, and are ideal for applications such as live streaming and video-on-demand."
"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," Enrique Rodriguez, general manager of Cisco's service provider video technology group, noted in a statement.
The acquisition is expected to be completed in the first half of 2011, Cisco said.
