Cisco to Beef Up Multi-Screen Play With Inlet Acquisition
Cisco announced its intent to acquire privately held Inlet Technologies, a Raleigh, NC-based provider of adaptive bit rate (ABR) digital media processing platforms. The Inlet buy is expected to strengthen the capabilities of Cisco's Videoscape TV platform, allow...
Videoscape is a comprehensive TV platform designed to bring together digital TV and online content with social media and communications applications to create a truly immersive home and mobile video entertainment experience. Inlet's advanced ABR technology, which is used in streaming multimedia over managed and unmanaged networks, adapts the quality of the video stream based on real-time network conditions.
Under the terms of the agreement, Cisco will pay approximately $95 million in cash and retention-based incentives in exchange for all shares of Inlet. The acquisition is expected to be complete in the first half of 2011. Upon the close of the acquisition, Inlet employees will be integrated into Cisco's Service Provider Video Technology Group.