Joost is announcing former Cisco exec Mike Volpi will be its new CEO. Joost is still testing its technology with half a million viewers who can watch about 100 channels.
The challenge, as Volpi described it, is succeeding at content acquisition, advertising effectiveness, and technical functionality. “Bringing these three pieces together is going to be hard,” he said.
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Cisco Systems' social media spending spree isn't over yet. The company this week said it bought select assets of privately held Utah Street Networks, the operator of the social networking site Tribe.net and is on the lookout for more.
The proprietary software infrastructure that Utah Street Networks uses to create and maintain online communities on the Tribe.net Web site is what Cisco specifically wanted, so the deal does not include Tribe.net, which will remain independent. Financial terms of the deal were not disclosed.
Joining Utah...
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The assets of the eight person company have been acquired by Cisco. This follows their acquisition of Five Across, a social networking infrastructure service, two weeks ago. The hope is to use the two company’s technology to help Cisco’s corporate clients build their own social networks, so it isn’t clear whether or not the Tribe service itself will live on.
Last year was a turbulent one for Silicon Valley based Tribe.net. Founding CEO Mark Pincus was ousted, in April 2005 and then returned in August 2006. While Pincus was gone rumors...
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So much for Silicon Valley's latest get-rich-quick scheme....
