Linksys Buys Kiss Technologies
The home-networking specialist buys the Danish company with an eye on IPTV and other networked entertainment.Cisco-Linksys, best known for its home-networking hardware, will be expanding its reach into home entertainment by acquiring the Denmark-based Kiss Technologies, the forward-thinking creator of networked DVD recorders and related products. "As more and more entertainment content is delivered over the Internet and as consumers demand access to digital entertainment inside and outside of their home networks, networked entertainment devices will become an integral part of Consumer Electronics," Cisco Systems Inc. president Charles Giancarlo said in a statement. The $61 million acquisition will give Linksys access to Kisss experienced research and design team in order to develop new networked entertainment products.
The alignment will enable Linksys to release more of these products in the U.S. market, and gives the company an insiders view of how to develop products that appeal to non-U.S. markets as well.