Sunday, March 4, 2007

Cisco Acquires Utah Street Networks for Social Networking Software

Cisco Systems has acquired select assets of privately-held Utah Street Networks, the operator of the social networking site The deal does not include the site, which will remain completely independent of Cisco. Financial terms were not disclosed.

Utah Street Networks uses a proprietary software infrastructure to create and maintain online communities on the website.

Cisco said this software will be integrated into the Cisco Media Solutions Group (CMSG), which is focused on infrastructure products to help digital media content owners improve the consumer experience. Employees from Utah Street Networks, Inc. will also be joining Cisco to continue software development.

Cisco also announced the close of the acquisition of Five Across. With the close of the transaction, the Five Across team and technology now report into Scheinman.

See also