Cisco to Acquire BroadWare

Cisco Systems announced a definitive agreement to acquire privately-held BroadWare Technologies

May 24, 2007

1 Min Read
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SAN JOSE, Calif. -- Cisco Systems(R)(NASDAQ: CSCO) today announced a definitive agreement to acquireprivately-held BroadWare Technologies, a leading provider of IP-basedvideo surveillance software. BroadWare's software enables web-basedmonitoring, management, recording and storage of audio and video thatcan be accessed anywhere by authorized users.

With this acquisition, Cisco will be able to help customers easilygain access to live and recorded surveillance video for fasterinvestigation response and event resolution. The BroadWare acquisitioncomplements Cisco's existing video surveillance product offering,which provides a smooth migration path from analog surveillance videoto a digital network solution.

By using the IP network as a platform to converge applications,companies can easily integrate and synchronize video with other safetyand security systems as well as other business tools. This createsthe opportunity for new innovative capabilities to be delivered,maximizing the value of live and recorded surveillance video.BroadWare Technologies will help Cisco provide this value to itscustomer across different environments including commercial andenterprise branch offices, campus/headquarters and large publicsector applications.

"Cisco views the video surveillance infrastructure market as animmediate high growth opportunity that requires the ability to supportboth 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 ableaddress both existing and greenfield video surveillanceopportunities."

Cisco Systems Inc. (Nasdaq: CSCO)BroadWare Technologies Inc.

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