Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Cisco to acquire Flip Video manufacturer Pure Digital Technologies
Posted on 20-Mar-2009 10:25 | Tags Filed under: News


Cisco to acquire Flip Video manufacturer Pure Digital Technologies
Cisco intends to acquire privately held San Francisco-based Pure Digital Technologies Inc. The company created the best-selling Flip Video brand, and is a pioneer in developing consumer-friendly video solutions with mass-market appeal.

"The acquisition of Pure Digital is key to Cisco's strategy to expand our momentum in the media-enabled home and to capture the consumer market transition to visual networking," said Ned Hooper, senior vice president of Cisco's Corporate Development and Consumer Groups. "Pure Digital has revolutionized the way people capture and share video with Flip Video. This acquisition will take Cisco's consumer business to the next level as the company develops new video capabilities and drives the next generation of entertainment and communication experiences."

Pure Digital's Flip Video has sold more than 2 million units and quickly demonstrated market appeal in the United States by making video simple, accessible and fun.

All Flip Video products come equipped with FlipShare software that allows users to easily organize and edit videos and then share them instantly on YouTube, MySpace and other popular sharing Web sites.

After the close of the acquisition, the Pure Digital team will become part of Cisco's Consumer Business Group, which includes Linksys by Cisco home networking, audio and media-storage products.

Cisco will pay approximately US$590 million in stock in exchange for all shares of Pure Digital. In addition, Cisco will provide up to US$15 million in retention-based equity incentives for continuing employees. The acquisition is subject to various standard closing conditions and is expected to close in the fourth quarter of Cisco's fiscal year 2009.









comments powered by Disqus


Trending now »

Hot discussions in our forums right now:

New Vodafone Broadband Plans
Created by Naithin, last reply by antoniosk on 21-Oct-2017 17:15 (55 replies)
Pages... 2 3 4


Vodafone TV - Is this sky?
Created by wingbat45, last reply by richms on 20-Oct-2017 18:00 (84 replies)
Pages... 4 5 6


Amazing that some speciality shops in malls survive at all
Created by amiga500, last reply by richms on 20-Oct-2017 23:07 (14 replies)

BNZ Apple Pay is Live
Created by tehoro, last reply by alasta on 24-Oct-2017 10:22 (10 replies)

Load bearing wall? Looking for builders opinions
Created by Louis1985, last reply by Fred99 on 24-Oct-2017 09:17 (20 replies)
Pages... 2


Streaming of some All Blacks games on Allblacks.com for only $24.99!
Created by dazhann, last reply by vexxxboy on 22-Oct-2017 07:45 (30 replies)
Pages... 2


Macrium Reflect backup software - anyone using it?
Created by geekIT, last reply by geekIT on 24-Oct-2017 11:26 (19 replies)
Pages... 2


macbook macbook pro for school kid options?
Created by floydie, last reply by Yabanize on 23-Oct-2017 22:18 (9 replies)