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	<title>Network technologies and trends &#187; Flip video cameras</title>
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		<title>Cisco to Acquire Pure Digital Technologies</title>
		<link>http://itknowledgeexchange.techtarget.com/network-technologies/cisco-to-acquire-pure-digital-technologies/</link>
		<comments>http://itknowledgeexchange.techtarget.com/network-technologies/cisco-to-acquire-pure-digital-technologies/#comments</comments>
		<pubDate>Sun, 29 Mar 2009 05:00:45 +0000</pubDate>
		<dc:creator>Yasir Irfan</dc:creator>
				<category><![CDATA[Cisco]]></category>
		<category><![CDATA[Cisco Systems]]></category>
		<category><![CDATA[Consumer Market]]></category>
		<category><![CDATA[Flip video cameras]]></category>
		<category><![CDATA[Pure Digital]]></category>

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		<description><![CDATA[During this economic crisis Cisco is brave enough to acquire Pure Digital, the makers of the popular Flip line of portable video cameras for $590 million in stock. Cisco will also pay out $15 million in retention incentives for Pure employees who stay on with the new company. More than 2 million Flip video cameras [...]]]></description>
				<content:encoded><![CDATA[<p><span style="font-family: Times New Roman;font-size: small">During this economic crisis </span><a href="http://www.cisco.com/"><span style="font-family: Times New Roman;font-size: small">Cisco</span></a><span style="font-family: Times New Roman;font-size: small"> is brave enough to acquire </span><a href="http://www.theflip.com/"><span style="font-family: Times New Roman;color: #0000ff;font-size: small">Pure Digital</span></a><span style="font-family: Times New Roman;font-size: small">, the makers of the popular Flip line of portable video cameras for </span><a href="http://www.reuters.com/article/technologyNews/idUSTRE52I3OK20090319"><span style="font-family: Times New Roman;color: #0000ff;font-size: small">$590 million</span></a><span style="font-family: Times New Roman;font-size: small"> in stock. Cisco will also pay out $15 million in retention incentives for Pure employees who stay on with the new company.</span></p>
<p><span style="font-family: Times New Roman;font-size: small">More than 2 million Flip video cameras have been sold in the U.S. to date, and the move will expand Cisco’s consumer market presence with what is essentially, a high-end toy.</span></p>
<p><a href="http://cdn.ttgtmedia.com/ITKE/uploads/blogs.dir/58/files/2009/03/mino_250x200_031809.jpg"><img class="alignnone size-medium wp-image-335" src="http://cdn.ttgtmedia.com/ITKE/uploads/blogs.dir/58/files/2009/03/mino_250x200_031809.jpg" alt="" width="250" height="200" /></a></p>
<p><span style="font-family: Times New Roman;font-size: small">&#8220;The acquisition of Pure Digital is key to Cisco&#8217;s strategy to expand our momentum in the media-enabled home and to capture the consumer market transition to visual networking,&#8221; said </span><a href="http://newsroom.cisco.com/dlls/execs/hooper-ned.html"><span style="font-family: Times New Roman;color: #0000ff;font-size: small">Ned Hooper, senior vice president of Cisco&#8217;s Corporate Development and Consumer Groups</span></a><span style="font-family: Times New Roman;font-size: small">. &#8220;Pure Digital has revolutionized the way people capture and share video with Flip Video. This acquisition will take Cisco&#8217;s consumer business to the next level as the company develops new video capabilities and drives the next generation of entertainment and communication experiences.&#8221;</span></p>
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