Cisco Invests Liberally in Liberate
Cisco Systems Inc., San Jose, CA, said yesterday that it has invested $100 million in interactive television software developer Liberate Technologies Inc., San Carlos, CA.Cisco -- along with several other large communications and interactive companies, including Nintendo, Cox, Oracle, Sega, Sony and America Online -- had already committed funds to Liberate in a separate round of funding.
In exchange for the investment, Cisco will broaden its product, marketing and sales relationship with Liberate, as well as receive 3.88 percent of the company. Liberate is a leading provider of a software platform that makes it possible to receive Internet-enhanced content through appliances such as I-TV set-top boxes.
