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Cisco To Buy Inlet for $95M

Cisco Systems is planning to buy closely held Inlet Technologies for $95 million.

Cisco Systems is planning to buy closely held Inlet Technologies for $95 million, The Wall Street Journal reports. The transaction will strengthen Cisco’s capabilities to deliver on-line video to any device.

Under the terms of the accord, Cisco will pay about $95 million in cash and retention-based incentives in exchange for all shares of Inlet. The retained employees will be integrated into Cisco’s service provider video technology group.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Business Journal.

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