Cisco acquires video management start-up
Maker of networking gear's 128th buyout is of DiviTech, whose software enables broadcasters and TV service providers to provision programming for specific geographic areas.
Cisco Systems is expanding its video expertise with yet another acquisition.
The maker of networking gear said Tuesday that it plans to buy Denmark-based DiviTech, marking its 128th acquisition.
DiviTech has developed software that allows media broadcasters, as well as cable and Internet Protocol television service providers to provision local programming and content, such as regional news and on-demand video service, for specific geographic areas.
Cisco said in a statement that it plans to integrate the DiviTech technology into its existing product line, which includes products gained from the Scientific-Atlanta, Arroyo Video Solutions, and Tivella acquisitions.
Financial details of the transaction weren't disclosed.
Cisco expects the acquisition to close in its fiscal fourth quarter, which ends in July. After the acquisition is complete, DiviTech will be integrated into Cisco's Digital Media business unit, and the start-up's employees will move into Cisco's Copenhagen offices.