Cisco Announces Agreement to Acquire BroadWare Technologies

Cisco Announces Agreement to Acquire BroadWare Technologies

Cisco Systems 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.

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"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."