Contact Information: Press Contact: Ron Piovesan Cisco Systems, Inc. 408 527-0287 rpiovesa@cisco.com Investor Relations Contact: Matt Tractenberg Cisco Systems, Inc. 408 525-3170 mtracten@cisco.com Industry Analyst Relations Contact: Sarita Kincaid Cisco Systems, Inc. 408 455-3141 skincaid@cisco.com
SAN JOSE, CA -- (MARKET WIRE) -- May 21, 2007 -- Cisco Systems® (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."
The acquisition is subject to various standard closing conditions and is
expected to close in the fourth quarter of Cisco's fiscal year 2007, ending
July 27, 2007. The terms of the deal were not disclosed.
BroadWare was founded in 1995 and has 38 employees, with offices in Santa
Clara, California and McLean, Virginia.
Upon close of the transaction, the BroadWare team and products will be
integrated into EMTG reporting to De Beer.
About Cisco Systems
Cisco (NASDAQ : CSCO ) is the worldwide leader in networking that transforms
how people connect, communicate and collaborate. Information about Cisco
can be found at http://www.cisco.com. For ongoing news, please go to
http://newsroom.cisco.com.
Cisco, Cisco Systems, and the Cisco Systems logo are registered trademarks
or trademarks of Cisco Systems, Inc. and/or its affiliates in the United
States and certain other countries. All other trademarks mentioned in this
document are the property of their respective owners. The use of the word
partner does not imply a partnership relationship between Cisco and any
other company. This document is Cisco Public Information.
For direct RSS Feeds of all Cisco news, please visit "News@Cisco" at the
following link:
http://newsroom.cisco.com/dlls/podcasts/rss.html