Acquisition-hungry Cisco Systems today agreed to buy video surveillance
vendor SyPixx Networks for $51 million in cash and stock.
SyPixx Networks makes software and hardware that sends converts footage from
traditional analog video surveillance systems into digital form and pipes
them over a computer network.
SyPixx products include analog to digital video camera encoders, digital to
analog video monitor decoders, analog video transmission equipment, video
recording and management software and servers.
Cisco, whose goals include providing secure voice, video and data over an IP
network, will use the Waterbury, Conn., start-up’s products to help
customers continue using their legacy surveillance systems and integrate
them into a broader physical security program.
The point is to make video accessible at any time from any place to ensure
real-time response to security threats and incidents, Cisco said in a
statement. SyPixx gear will help companies use new security applications and
make recorded and live video more helpful.
With its Self Defending Network strategy for weeding out internal and
external threats, Cisco already offers several types of security software,
including firewall protection and other solutions to protect against
denial-of-service attacks, worms and viruses.
In buying SyPixx, Cisco said physical security will become the latest
emerging technology area for Cisco, as it seeks to offer business customers
video surveillance as part of an “intelligent converged environment.”
Should the deal close in April as expected, SyPixx’s video surveillance
products will be part of a new business unit in Cisco’s Emerging Markets
Technology Group, reporting to group vice president Marthin De Beer.
“Through the acquisition of SyPixx, Cisco will begin to show how the network
can also be a platform for enhancing the safety of people and the protection
of physical assets,” De Beer said.
SyPixx is Cisco’s latest stab at diversifying its portfolio at a time when
the company is trying to find new revenue streams after hogging most of the
networking gear market. Some of these target areas include video and network
convergence for consumers and businesses.
For example, the San Jose, Calif., company last week closed its purchase
of Scientific-Atlanta, a leading provider of set-top boxes, video
distribution networks and video systems integration.
Article courtesy of internetnews.com