Cisco to acquire 1 Mainstream
October 28, 2015
Cisco’s has confirmed intent to acquire 1 Mainstream, a privately held company that offers a cloud-based video platform to launch live and on-demand OTT video services to a variety of devices.
“Acquisitions are a foundational element of Cisco’s build, buy, partner, invest and co-develop approach to innovation,” Rob Salvagno, vice president of corporate development at Cisco. wrote in a company blog. “1 Mainstream represents the third acquisition announced by Cisco this week and highlights how we are applying our unique approach to innovation to capture key market disruptions in areas such as cloud (1 Mainstream), analytics (ParStream) and security (Lancope).”
The acquisition is expected to be complete in the second quarter of Cisco’s current fiscal year. Financial terms were not disclosed.