Cisco Systems to acquire surveillance company SyPixx Networks

Cisco Systems to acquire surveillance company SyPixx Networks

Network hardware manufacturers Cisco Systems have said that they are planning to acquire privately held video surveillance company SyPixx Networks Inc. This deal would cost them around $51 million in cash and stock options.

SyPixx Networks specializes in making technology that allows companies to connect their older security video systems to Internet-based networks without having to replace them. And this would give Cisco the technology to serve a large base of prospective clients who are stuck with older generation hardware.

Marthin De Beer, vice president of Cisco’s Emerging Markets Technologies Group said in a statement on this latest acquisition by the company: “Many of the traditional video surveillance systems are analog… Everything is put on videotapes. If you have to go back and (resolve) a problem or an investigation, it’s a very time-consuming process.”