$16 million boost for Seattle’s Widevine. Its encryption technology proving popular

Networking equipment giant Cisco Systems and Canadian telecom behemoth Telus are joining with deep-pocketed venture capital firms to invest $16 million in Widevine http://www.widevine.com/ — a Seattle company that helps cable, telephone and satellite operators securely deliver digital video to consumers. Financing in the 75-person company now stands at $62 million.

The new investment is a big boost for Widevine’s global expansion efforts, and it comes after Chief Executive Brian Baker rebuffed offers from Microsoft Corp., whose technology also is used to protect movies and television shows from online piracy.

By JOHN COOK
P-I REPORTER

Full Story: http://seattlepi.nwsource.com/business/267182_widevine19.html