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Cisco Systems, Inc. (NASDAQ:CSCO) Plans To Acquire OTT Streaming Platform- Juniper Networks, Inc. (NYSE:JNPR), Palo Alto Networks, Inc. (NYSE:PANW)

Cisco Systems, Inc. (NASDAQ:CSCO) [Detail Analytic Report] unveiled its plan to acquire ‘1 Mainstream’, the leading OTT streaming platform, as the firm looks to deliver customers an outstanding TV experience. Financial terms of the deal were not revealed. Privately held ‘1 Mainstream’ had raised around $8.75 million in funding from Sky, satellite operator of UK as well as venture-capital firms DCM Ventures, Menlo Ventures and Luminari Capital. Founded in 2012, 1 Mainstream has around 70 customers including Sky, CBS News, Foxtel and multichannel network Tastemade. The ‘1 Mainstream’ will become part of Cisco’s Service Provider Video Software and Solutions Cloud Engineering Group, headed by Conrad Clemson, Senior VP and GM of Cisco. The deal is anticipated to close in fiscal Q2 of 2016.

Clemson stated that they have a really strong portfolio with video for Android, iOS and web, but one of the things they missed was, customers, he want to get to the...