Cisco Completes Acquisition of Arroyo Video Solutions
San Jose, Calif. - Cisco Systems, the San Jose, Calif.-based networking equipment giant, said on Wednesday that it has completed its $92 million cash acquisition of Pleasanton, Calif.-based Arroyo Video Solutions, developer of a platform for on-demand television and related consumer services. Cisco said that it has now integrated Arroyo's products into its Cable & Video Initiatives Group. Arroyo has 44 employees, including Drew Major, an original founder of Novell, and Paul Sherer, the former CTO at 3Com.
http://newsroom.cisco.com/dlls/2006/prod_091306b.html
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