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Cisco Invests in Digitalsmiths

Video management company Digitalsmiths Corp. received some major backing yesterday, with a strategic investment from Cisco Systems Inc. (Nasdaq: CSCO).

Cisco's investment in Digitalsmiths comes on top of a $12 million round of financing the startup announced last November. Investors in that round include .406 Ventures LLC, Aurora Funds, and Chrysalis Ventures.

While terms were not disclosed, Cisco's investment in Digitalsmiths could spring from the networking giant's recent foray into the media and entertainment segment, with a white-label content management platform called Eos.

To read on, see the full story on Contentinople.

— Ryan Lawler, Site Editor, Contentinople

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