Cisco Completes Acquisition of BroadWare Technologies
SAN JOSE, Calif., June 11, 2007 - Cisco Systems (NASDAQ: CSCO) - today announced it has completed the acquisition of 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 the close of 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 customers across different environments including commercial and enterprise branch offices, campus/headquarters and large public sector applications.
The BroadWare team and product portfolio are now part of Cisco's Emerging Technologies Group, reporting into Marthin De Beer, Senior Vice President.
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