SAN JOSE, Calif. -- Cisco Systems(R)
(NASDAQ: CSCO) today announced a definitive agreement to acquire
privately-held BroadWare Technologies, a leading provider of IP-based
video surveillance software. BroadWare's software enables web-based
monitoring, management, recording and storage of audio and video that
can be accessed anywhere by authorized users.
With this acquisition, Cisco will be able to help customers easily
gain access to live and recorded surveillance video for faster
investigation response and event resolution. The BroadWare acquisition
complements Cisco's existing video surveillance product offering,
which provides a smooth migration path from analog surveillance video
to a digital network solution.
By using the IP network as a platform to converge applications,
companies can easily integrate and synchronize video with other safety
and security systems as well as other business tools. This creates
the 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 its
customer across different environments including commercial and
enterprise branch offices, campus/headquarters and large public
sector applications.
"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."
Cisco Systems Inc. (Nasdaq: CSCO)
