Tuesday, May 22, 2007

Cisco Buys Broadware

San Jose-based Cisco Systems said last night that it is acquiring Santa Clara-based Broadware, a provider of IP-based video surveillance software. Financial terms of the acquisition were not disclosed. Broadware's software is used for web-based monitoring of audio and video surveillance. The acquisition is expected to close in Cisco's fourth quarter. Broadware employes 38 in Santa Clara and McLean, Virginia, and is privately backed by Cisco, Dali Hook Partners, McKenna Ventures and Sigma Partners.