Cisco Completes Acquisition of BNI Video
SAN JOSE, Calif. – November 14, 2011 – Cisco today announced it has completed its acquisition of privately-held BNI Video. Headquartered in Boxborough, Mass., BNI Video supplies service providers with two major video products that offer video back-office and content delivery network (CDN) analytic capabilities.
The acquisition advances the capabilities of Cisco's Videoscape TV platform, which allows service providers to deliver compelling video experiences to any device over any Internet Protocol (IP) network. BNI Video's technology also helps Cisco's service provider customers reduce their operational costs and complexity, while expanding monetization opportunities.
With the close of the acquisition, BNI Video employees join Cisco's Service Provider Video Technology Group.
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This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including the expected completion of the acquisition and the time frame in which this will occur, the expected benefits to Cisco and its service provider customers from completing the acquisition, and plans regarding BNI Video personnel. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, the potential impact on the business of BNI Video due to the uncertainty about the acquisition, the retention of employees of BNI Video and the ability of Cisco to successfully integrate BNI Video and to achieve expected benefits, business and economic conditions and growth trends in the networking industry, customer markets and various geographic regions, global economic conditions and uncertainties in the geopolitical environment and other risk factors set forth in Cisco's most recent report on Form 10-K. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.