Cisco buys IP-based video surveillance company, BroadWare

May 22, 2007 | Matt Marshall

Updated

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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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.