Cisco buys Inlet Technologies
February 4, 2011
Cisco is to acquire privately-held Inlet Technologies, a provider of Adaptive Bit Rate (ABR) digital media processing platforms, in a $95 million deal. The acquisition will strengthen the capabilities of Cisco’s Videoscape TV platform, allowing service and content providers to deliver compelling video experiences to any device over any IP network.
Enrique Rodriguez, senior vice president and general manager, Cisco’s Service Provider Video Technology Group, said that the acquisition would enable its customers to leverage the network as a platform to deliver innovative video experiences to consumers on any device.
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.
Upon the close of the acquisition, Inlet employees will be integrated into Cisco’s Service Provider Video Technology Group. 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 subject to various standard closing conditions and is expected to be complete in the first half of calendar year 2011.