Monday, March 6, 2006

Cisco to Acquire SyPixx Networks for IP Video Surveillance

Cisco Systems will acquire privately-held SyPixx Networks, a developer of network-centric video surveillance software and hardware, for approximately $51 million in cash and options. SyPixx enables existing analog video surveillance systems to operate as part of an open IP network. Its product portfolio includes analog to digital (IP) video camera encoders, digital (IP) to analog video monitor decoders, analog video transmission equipment, video recording and management software and servers.

The acquisition will enable Cisco to deliver video surveillance as part of an Intelligent Converged Environment.

SyPixx was founded in 2004 and has 27 employees in Waterbury, Connecticut; Carlsbad, California; and Scottsdale, Arizona.

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