Cisco Intends to Buy 1 Mainstream |
NEWS |
In October 2015, Cisco announced its intent to acquire cloud-based video solution provider, 1 Mainstream. 1 Mainstream is a privately held startup company, which was founded in 2012. It is based in Cupertino, California and provides content providers, service providers, and broadcasters with a cloud-based media platform. 1 Mainstream video solutions enable media companies to deliver linear and on-demand content to almost any connected media device, such as digital televisions, game consoles, tablets and others. The deal is expected to close in late January, Cisco’s fiscal 2016 second quarter. Financial terms of the acquisition are yet to be disclosed. After completion of the acquisition, 1 Mainstream will become a part of Cisco’s Service Provider Video Software and Solutions Cloud Engineering Group.
1 Mainstream is a venture-capital funded company with a total of under $10 million invested. Former executives from media companies such as Roku, Apple, and TiVo founded 1 Mainstream. DCM, Menlo Ventures, BSkyB (now Sky) and Luminari Capital are…
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