Cisco (NASDAQ:CSCO) has announced plans to acquire 1 Mainstream, a privately held company that offers a cloud-based video platform designed to launch live and on-demand OTT video services to a variety of connected devices. The acquisition, the third that Cisco has announced this week, is intended to complement Cisco's "Infinte" suite of cloud-powered multiscreen video entertainment solutions. The other two acquisition announcements were for analytics company ParStream and security company Lancope.
On completion of the deal, 1 Mainstream will join Cisco's Service Provider Video Software and Solutions Cloud Engineering Group. The acquisition is expected to be complete in the second quarter of Cisco's current fiscal year.
