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RGB buys into third screen: video vendor acquires mobile-video startup RipCode.(Platforms)
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RGB Networks CEO Jef Graham figured his engineers would need about 12 months to develop mobile-video delivery capabilities--so the company decided to buy the technology instead.
Privately held RGB last week announced it has acquired RipCode, a 26-employee, venture-backed firm that develops solutions for mobile IP video. Terms of the deal weren't disclosed, except that RGB is buying RipCode with stock in a private-to-private deal.
Sunnyvale, Calif.-based RGB plans to in corporate RipCode's technology into its Video Multiprocessing Gateway, in the form of an Intel-based "blade" scheduled to ship in the fourth quarter of 2010. At that …
