Cisco buys Pure Digital

As rumored previously around the interwebs, the company behind the Flip video camcorder series was aquired by Cisco.

UK site Mirror says:

What does the deal mean for Flip Video? Cisco does wonders with networks, so we could see a new Flip Video service for uploading HD video, a Flip Video model that streams online instantly, or even around your home via a Cisco media streamer.