[October 21, 2011] Cisco Systems to acquire BNI Video Tweet Oct 21, 2011 (Datamonitor Financial Deals Tracker via COMTEX) -- Cisco Systems, Inc., a designer and manufacturer of Internet protocol (IP) based networking and other products, intends to acquire BNI Video, a video control software company from Comcast Ventures and Time Warner Cable, Inc. for approximately $99 million in cash and retention-based incentives. All the entities are based in the US. Time Warner Cable is an owner and manager of cable TV operations, while Comcast Ventures is a venture capital firm. Earlier, Cisco raised venture funding from Charles River Ventures and Castile Ventures. The acquisition is expected to close in the second quarter of Cisco's fiscal year 2012. Deal Value (US$ Million) 99 Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Announced: 2011-10-20 Deal Participants Target (Company) BNI Video Acquirer (Company) Cisco Systems, Inc. Vendor (Company) Time Warner Cable, Inc. Deal Rationale The acquisition will advance the capabilities of Cisco's Videoscape TV platform, which allows service providers to deliver compelling video experiences to any device over any IP network. It will expand Cisco's videoscape platform and give customers a clear migration path to Videoscape. BNI Video's technology will also help Cisco's service provider customers reduce their operational costs and complexity, while expanding monetization opportunities. [ Back To TMCnet.com's Homepage ]