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San Jose router giant Cisco has acquired Arroyo for $92 million, to help Cisco serve videos to you in your home. It is the latest in a surge of investments by Cisco to control access to your living-room video viewing.

We’ve written about Arroyo several times before: It is kind of like a giant TiVo located in the cable operator’s network, as opposed to being in the home — effectively giving consumers access to thousands of hours of programming without needing to schedule recording.

The two main guys leading Cisco’s ruckus in the living-room are pictured below. They are Ned Hooper, who is head of Cisco’s biz dev, at left, and his right-hand man, Charles Carmel, standing in back. (Courtesy of Merc photographer Karen Borchers, who took the photo back in June, when we wrote this post. and linked to a bigger story about the Cisco campaign to takeover your living-room).

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Cisco’s Ned Hooper, Charles Carmel

Arroyo has raised around $27 million in VC funding from firms like Foundation Capital, Comcast Interactive Capital, DCM-Doll Capital Management, Matrix Partners and Time Warner Investments. Here is the Mercury News story about the today’s Arroyo deal and what it means.

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We mentioned back in July that Cisco was looking at the Arroyo, once Motorola snapped up a related video server company, Broadbus. Mountain View’s Kasenna, which raised $15 million more than two years ago, is also offering a similar technology.

Update: There’s a snap analysis in comments, about how much investors made on this deal.