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Cisco Systems has agreed to buy BroadWare Technologies, a Santa Clara, Calif., provider of IP-based video surveillance software.
The deal amount was undisclosed. (Update: The Mercury News has a story about the nascent trend in the security industry, of convergence of traditional physical security with information-technology security, and Cisco’s recent record of buying security related companies, such as e-mail security start-up IronPort. BroadWare helps businesses “manage the huge amounts of digital video produced when companies use cameras to record what’s happening in office parks or other corporate locations.)
Broadware has raised about $33.85 million in VC funding since 2000, from Dali Hook Partners, Defta Partners, Hitachi, mc3 Ventures, New Vista Capital and Sigma Partners.
Here’s Reuters story.
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