Cisco (NASDAQ: CSCO) is to acquire Acano Limited, a UK-based provider of collaboration infrastructure and conferencing software, for $700m.
The acquisition, which is expected to close in the third quarter of fiscal year 2016, subject to customary closing conditions including regulatory review, aims to accelerate Cisco’s collaboration strategy to deliver video everywhere, providing an improved collaboration experience across every endpoint, every screen, every workspace, and to every user.
Led by OJ Winge, Acano provides hardware and software including gateways, and video and audio bridging technology that allows customers to connect video systems from multiple vendors across both cloud and hybrid environments.
The Acano team will join the Cisco Collaboration Technology Group led by Rowan Trollope, senior vice president and general manager.
FinSMEs
25/11/2015