Cisco announced plans to acquire 1 Mainstream, a start-up offering a cloud-based video platform designed to quickly launch live and on-demand OTT video services to a variety of connected devices. Financial terms were not disclosed.
1 Mainstream, which is based in San Jose, California, helps service providers, broadcasters, media companies and emerging digital content companies deliver their media content to almost any connected media device, from Apple TV to Microsoft Xbox. The company was founded in 2012 and is backed by DCM, Menlo Ventures, BskyB, and Luminari Capital.
Cisco said the acquisition complements its new ‘Infinite’ suite of cloud-powered video entertainment solutions designed to help service providers, broadcasters and media companies.
http://blogs.cisco.com/news/cisco-announces-intent-to-acquire-1mainstream
- 1 Mainstream is headed by Rajeev Raman, CEO, who previously was Head of Product at Roku, CEO and Founder of mywaves, EIR at Menlo Ventures, as well as VP of Product and Engineering at Questra Corp.
