Feeds

Joost views ex-Cisco prodigy as CEO

I want my Volpi TV

Top three mobile application threats

Joost is wooing former Cisco senior executive Mike Volpi to take the reins as CEO of the online video service, according to reports.

Volpi was formerly heir presumptive for Cisco's CEO spot, but left the company earlier this year, citing personal reasons. Many assume his departure was spurred by a desire to head a company — since Cisco's 56-year-old CEO John Chambers has no plans to leave, and Chief Development Officer Charlie Giancarlo is next on the bench.

Although Joost won't comment on rumors, digital media publication paidContent reports that multiple sources confirm discussions between Volpi and Joost are in the final stages and an announcement could come early as next week.

The company recently closed a $45m round of funding, and would seem to be shopping for a new head to replace current CEO Fredrik de Wahl, who oversaw the video service through beta. Wahl was previously the chief of Joltid, which provides the peer-to-peer layer of Skype and Joost.

Joost is a video service developed by Skype and Kazaa founders, Niklas Zennström and Janus Friis. The company has dubbed itself "...the world's first broadcast-quality Internet television service."

The company has inked content deals with CBS and Viacom, as well as independent production companies. It claims 150 channels of content with shows such as "CSI" and "Beavis and Butthead."

Given Cisco's insatiable acquisition appetite and love for demanding bits, it's not hard to imagine a Volpi-led Joost being swallowed. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
AT&T dangles gigabit broadband plans over 100 US cities
So soon after a mulled Google Fiber expansion, fancy that
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
EE & Vodafone will let you BONK on the TUBE – with Boris' blessing
Transport for London: You can pay, but don't touch
NBN Co in 'broadband kit we tested worked' STUNNER
Announcement of VDSL trial is not proof of concept for fibre-to-the-node
Google eyes business service in latest Fiber trials
Lucky Kansas City buggers to host yet another pilot program
Huawei exec: 'Word of mouth' will beat Apple and Samsung in Europe
World Mobile Telephone Factory No.3 won't fling the big bucks around just yet
Brazilian president signs internet civil rights law
Marco Civil bill enshines 'net neutrality', 'privacy' as law
DeSENSORtised: Why the 'Internet of Things' will FAIL without IPv6
What's stopping a tinyputer invasion? An IP address shortage, says Cisco
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.