SAN JOSE, CA--(Marketwire - May 21, 2009) - Cisco (
NASDAQ:
CSCO) today announced it has
completed its purchase of Pure Digital Technologies Inc.
San Francisco-based Pure Digital, creator of the best-selling
Flip Video brand, is a pioneer in
developing consumer-friendly video solutions with mass-market appeal.
The acquisition of Pure Digital is key to Cisco's strategy to expand its
momentum in the media-enabled home and capture the consumer market
transition to visual networking. The acquisition will take Cisco's consumer
business to the next level as the company develops new video capabilities
and drives the next generation of entertainment and communication
experiences.
With the close of the acquisition, the Pure Digital team becomes part of
Cisco's Consumer Business Group, which includes Linksys® by Cisco® home
networking, audio and media-storage products. Jonathan Kaplan, chairman
and CEO of Pure Digital, becomes senior vice president and general manager
of the combined organization, reporting to
Ned Hooper,
senior vice president, Cisco Corporate Development and Consumer.
About Cisco Systems
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