I was first introduced to "The Flip" video device from a friend of mine. We were at wedding and when our best friend and his new wife, broke out into the "Superman" dance for their wedding dance! Luckily, my friend had is handy dandy Flip ready and began recording immediately! It was awesome!
Pure Digital Technologies is the creator behind The Flip video device. Based in San Francisco, they have been in business for 7 years and as consumer video technologies have sky rocketed, so has the company's sales: estimated close to $15M in 2008. (The company has about 100 employees and is led by Jonathan Kaplan.)
Easy to use, even easier to upload video content onto the internet and it's only about $150.
With $30B in the bank and "Video" as a top corporate initiative from John Chambers: CEO, Cisco Systems is looking to possibly acquire Pure Digital Technologies. Rumor has it that the deal is worth more than $500M!
More to details to come...
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