Cisco closes deal to acquire BNI Video

Cisco (Nasdaq: CSCO) has wrapped up its acquisition of BNI Video, increasing its ability to offer service providers better management of multiscreen delivery, improving both back-office management and content delivery network (CDN) analytics capabilities.

Cisco in October reportedly paid $99 million in cash for the Boxborough, Mass.-based company.

The acquisition will help position Cisco's Videoscape TV platform as an option for telco IPTV solutions, as well as helping cable companies transition to IP delivery. BNI Video's technology also helps Cisco's service provider customers reduce their operational costs and complexity, while expanding monetization opportunities. Service providers increasingly are relying on CDNs for delivery of multiscreen and TV Everywhere products.

BNI Video employees will be folded into Cisco's Service Provider Video Technology Group.

BNI Video launched in 2009 and raised $17 million in venture funding from Cisco, Comcast, Time Warner and a number of other VC firms.

For more:
- see this release

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