Cisco Corporation has proposed 590 million dollars for a corporation Pure Digital Technologies, which produces the popular pocket camcorder Flip Video. This is stated in a press release, the largest manufacturer of networking equipment.
Pure Digital has sold over two million video camera Flip Video, which can not only remove the videos, but also classify them, edit, and upload to YouTube, MySpace and other popular resources.
Purchase will be part of corporate strategy for entering the consumer market. Flip Video will allow Cisco to increase presence in the segment of the home media devices.
Cisco expects the deal to close in the fourth quarter of fiscal 2009. Pure Digital will become part of the consumer business unit, Cisco, which already includes the Linksys.
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