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Cisco, Telus Invest in Widevine

Downloadable security-access provider Widevine Technologies Inc. received a $16 million cash infusion from Cisco Systems Inc. and Telus Corp., a Canadian telecommunications company.

Widevine’s digital-rights-management software is being used by content companies, including movie studios, to move programming securely through digital platforms.

Cisco and Telus joined VantagePoint Venture Partners, Bear Stearns Asset Management Inc.’s Constellation Ventures, Pacesetter Capital Group and Phoenix Partners Ltd. in the $16 million series-C funding round.