Cisco Systems Acquires BNI Video for $99,000,000

  • Feed Type
  • Date
    10/20/2011
  • Company Name
    BNI Video
  • Mailing Address
    1300 Massachusetts Ave. Boxborough, MA 01719
  • Company Description
    BNI is dedicated to developing the tools and services that video service providers (VSPs) in the cable, telecommunications and wireless industries need to compete in an increasingly on-demand world.
  • Website
    http://www.bninet.tv
  • Transaction Type
    M&A
  • Transaction Amount
    $99,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Cisco will pay approximately $99 million in cash and retention-based incentives in exchange for all shares of BNI Video.

Trending on Xconomy