Cisco buys Utah Street Networks but not Tribe.net
Cisco Systems announced that it has completed the purchase of select assets of privately-held Utah Street Networks, Inc., the operator of the social networking site Tribe.net. The social networking site, however, was not included in the deal.
Utah Street Networks uses a proprietary software infrastructure to create and maintain online communities. As part of the asset purchase, 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.