Cicso Acquisition Focuses On Future Of Digital Video
Jan. 13, 2005
Cisco Systems Inc., San Jose, is acquiring a Waterloo, Canada, provider of hardware and software solutions to distribute and manage digital video across all types of broadband networks. Cisco says the purchase of PixStream Inc. will accelerate broadband ...
Cisco Systems Inc., San Jose, is acquiring a Waterloo, Canada, provider of hardware and software solutions to distribute and manage digital video across all types of broadband networks. Cisco says the purchase of PixStream Inc. will accelerate broadband deployments and build networks that enable service providers to offer data, voice, and video services to businesses and consumers. Cisco will exchange $369 million worth of common stock for all outstanding shares and options of PixStream. In a statement, Cisco said video is expected to account for a growing percentage of traffic on the Internet, and the acquisition will help Cisco meet demand. "PixStream's technology extends Cisco's broadband market leadership into video services, allowing cable, DSL, and wireless providers to deliver a single end-to-end solution for the delivery and management of broadband video services," the statement said.
