Cisco announced today it was killing its Flip Video business and in the process laying off 550 employees. This news comes two years after the company purchased Pure Digital Technologies in a $590 million acquisition in March 2009. Can you guess who killed it?
While Cisco is the predominant provider of commercial networking equipment, they have also become a prominent provider of commercial VoIP phone systems. They've accomplished this by integrating well with their customer's existing infrastructure. Now, it appears they want to integrate with FaceTime as well.