News has surfaced for the Boston IT Tech Support Industry today. Cisco (Nasdaq: CSCO) announced that it would pay $99 million to acquire BNI Video, a venture-backed video software company in Boxborough, Mass.
The reason behind the sale, according to Cisco’s website is that –
BNI Video has a unique set of capabilities and products that tie closely into Cisco’s Videoscape vision for IP video solutions. BNI Video is already well recognized by the largest service providers as having built a differentiated solution for video infrastructure that will integrate into Videoscape and help service providers transition from their current architectures to Videoscape. Additionally, BNI Video and Cisco have a long-standing relationship as Cisco was an early investor in the company.
Cisco’s strategy in acquisitions focuses on companies where they are able to build solutions that tie into their core and generate value for Cisco’s shareholders as well as their customers. Their strategy focuses on accelerating markets, through acquisitions, including the growth of video as a driver for network usage. With it’s acquisition of BNI Video, they’ll bring immediate solutions to their customers today as well as allow their technology teams to contribute to Cisco’s Videoscape platform development into the future.
Here’s a video posted by Cisco introducing their new ideas. Take a look and let us know what you think? We’d really like to hear from you.
