Video - Tuesday, May 22, 2007
Cisco Buys Video Surveillance's Broadware
Deal-making in the IP-based video surveillance market has come at a fast clip. Cisco Systems today says that it has bought BroadWare Technologies. No financial terms were disclosed for the deal. Broadware has raised around $33.85M in VC funding since 2000, from New Vista Capital, Sigma Partners, Defta Partners, Hitachi, mc3 Ventures and Dali Hook Partners.
Just yesterday, Motorola Invests in Broadware competitor VidSys. Other competitors are LiveWave, ADT Security Services, GE Security and IBM. Cisco previously paid $51M to acquire SyPixx Networks.
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