Cisco Systems agreed to acquire privately-held BroadWare Technologies, a developer of IP-based video surveillance software, for an undisclosed sum.
BroadWare's software enables web-based monitoring, management, recording and storage of audio and video that can be accessed anywhere by authorized users. BroadWare was founded in 1995 and has 38 employees, with offices in Santa Clara, California and McLean, Virginia.
Cisco said the acquisition will enable it to help customers gain access to live and recorded surveillance video for faster investigation response and event resolution.
"Cisco views the video surveillance infrastructure market as an immediate high growth opportunity that requires the ability to support both IP and analog device installations," said Marthin De Beer, Senior Vice President of Cisco's Emerging Market Technologies Group (EMTG). "Through the acquisition of BroadWare, Cisco will be able address both existing and greenfield video surveillance opportunities."http://www.cisco.com
- Cisco's acquisitions for 2007 include: Spanslogic, WebEx, NeoPath Networks, Reactivity, Five Across, and IronPort Systems.
