Cisco announced Friday that it plans to buy Inlet Technologies, a manufacturer of video-encoding and transcoding products, for $95 million. The acquisition is designed to round out Cisco’s portfolio as part of its new Videoscape solution, aimed at service providers bring video to multiple screens.
AOL has acquired video syndication specialist 5min Media to boost the amount of video it serves on its sites, while boosting distribution of its own video assets. Terms of the deal were not disclosed, although estimates place the value of the deal at around $50-$65 million.
Move Networks was just granted a patent for its HTTP-based adaptive streaming technology, which could make its intellectual property more valuable. The patent also means that it could pose a threat to Adobe, Microsoft, Apple and others that have rolled out similar technology of their own.
With today’s news that Move Networks has laid off all its employees and is looking for a buyer, here’s a roundup of the rise and fall of the once high-flying startup, as it transitioned from making network TV watchable to selling IPTV technology to ISPs.
A curious tweet appeared on the Move Networks twitter stream this morning, suggesting that the online video company could be on the block — with an asking price of $150 million — and sources say the CEO is stepping down and resigning from the company’s board.
Move Networks made some personnel reductions yesterday associated with a shift from its legacy streaming business to providing a platform for delivering…
So maybe challenging Akamai ain’t so easy! Move Networks and GridNetworks, both companies that power high-quality video streaming via plug-ins, are getting…