Cisco snags video technology company DiviTech
Cisco said today that is has signed a definitive agreement to buy digital video technology company DiviTech.
Terms of the deal, which is expected to close in the fourth quarter of this year, were not available, but once the sale closes, Cisco will have access to DiviTech’s digital service management (DSM) technologies that are used by media broadcasters and cable and IPTV service providers for creating interfaces for video networks.
Cisco is diversifying itself from the core network routers and servers that it is well known for in order to create an end-to-end platform for all layers of digital video management.
DiviTech's DSM technology includes a software application that will allow service provider customers to centrally provision and deliver localized content, such as local and regional news and on-demand video and services, within a specific geography.
Cisco plans to integrate DiviTech into its Digital Media business unit as part of the Service Provider Video Technology Group. DiviTech employees will move into Cisco's Copenhagen facility.
DiviTech was founded in 1999 by former technical consultants at Denmark's largest cable TV network operated by TeleDanmark, the former state-owned Danish Telecom.
Cisco also announced today the release of new video surveillance modules that are enabled on the Cisco Integrated Services Router (ISR) platform. By incorporating video surveillance network modules into the Cisco ISR, the offering converges physical security over an IP network. The new modules also work with non-IP video surveillance equipment to enable a migration to IP-enabled video surveillance.
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