Cisco Systems acquiring DiviTech

Cisco Systems acquiring DiviTech

Cisco Systems has announced that they are now acquiring the Danish digital video technology company DiviTech.

This acquisition is aimed to help the company expand their services into software and video industries.

The companies did not reveal the financial aspects of this deal.

DiviTech specializes in delivering technologies that enable the broadcasters to manage their video networks.

Cisco believes that video on the internet is going to become the major source of revenues in the coming years and they are working on enhancing their services in this field.