SAN JOSE, Calif. – March 14, 2011 – Cisco today announced it has completed its acquisition of privately-held Inlet Technologies, a leading provider of Adaptive Bit Rate (ABR) digital media processing platforms. Based in Raleigh, N.C., Inlet strengthens the capabilities of Cisco's Videoscape TV platform, allowing service and content providers to deliver compelling video experiences to any device over any Internet Protocol (IP) network.
Cisco Videoscape is a comprehensive TV platform for service providers that brings together digital TV and online content with social media and communications applications to create a truly immersive home and mobile video entertainment experience. 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.
Inlet brings to Cisco a strong team that understands the complexities of delivering ABR video over IP networks to any device. With the close of the acquisition, Inlet employees become part of Cisco's Service Provider Video Technology Group.
Under the terms of the agreement, Cisco paid approximately $95 million in cash and retention-based incentives in exchange for all shares of Inlet.