Cisco has said that it intends to acquire privately-held Inlet Technologies, a provider of Adaptive Bit Rate (ABR) digital media processing platforms for approximately $95m in cash and retention-based incentives in exchange for all shares of Inlet.
Through the acquisition of Inlet Technologies, Cisco will strengthen its Videoscape TV platform, allowing service and content providers to deliver video experiences to any device over any Internet Protocol (IP) network.
Cisco said that Inlet’s ABR technology is used in streaming multimedia over managed and unmanaged networks, and adapts the quality of the video stream based on real-time network conditions.
Under the terms of the agreement, Inlet’s professional team, who understand the complexities of delivering ABR video over IP networks to any device, will be integrated into Cisco’s Service Provider Video Technology Group.
Cisco service provider video technology group senior vice president and general manager Enrique Rodriguez said service and content providers have an opportunity to deliver exciting video experiences as media consumption increases across mobile, desktop and smart devices.
"Cisco’s Videoscape platform will play a key role in reinventing the TV experience, and 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," Rodriguez said.
