Menu
​Cisco eyes greater market share with $US700 million video conferencing acquisition

​Cisco eyes greater market share with $US700 million video conferencing acquisition

“Cisco’s collaboration business is already seeing the impact of this trend, with 17 percent year-over-year growth in the first quarter of fiscal year 2016."

Cisco has announced its intent to acquire Acano Limited for $US700 million, a privately held company based in London that provides collaboration infrastructure and conferencing software.

Acano’s hardware and software includes gateways, and video and audio bridging technology that allows customers to connect video systems from multiple vendors across both cloud and hybrid environments.

According to the tech giant, this acquisition will accelerate Cisco’s collaboration strategy to deliver video everywhere, across every endpoint, every screen, every workspace, and to every user.

“People, companies and organisations are more geographically dispersed than ever before, and collaboration is essential to helping teams increase productivity and drive growth,” says Rob Salvagno, vice president, Corporate Development, Cisco.

“Acano’s innovations make it easier for customers to collaborate when, where and how they want. Together, we will help our customers to extend collaboration to every room, every screen and every user.”

The Acano team will join the Cisco Collaboration Technology Group led by Rowan Trollope, senior vice president and general manager with the acquisition expected to close in the third quarter of fiscal year 2016.

Salvagno says that today, less than 10 percent of the conference rooms in the world are connected via video.

However, there is a massive market shift underway in collaboration - customers want the ability to easily connect from anywhere, from dedicated hardware endpoints to sharing video on a mobile phone.

“Cisco’s collaboration business is already seeing the impact of this trend, with 17 percent year-over-year growth in the first quarter of fiscal year 2016,” Salvagno adds.

“As the momentum continues, there is a need to deliver solutions that will connect any system, regardless of vendor, at a scale that is dramatically higher than ever before.

“Acano’s technology and expertise will enable us to accelerate our development in the key areas of interoperability and scalability.”


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags unified communicationsNetworkingvideociscoAcano Limited

Featured

Slideshows

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Meet the winners of the 2020 Reseller News Innovation Awards

Meet the winners of the 2020 Reseller News Innovation Awards

Reseller News honoured the standout players of the New Zealand channel in front of more than 500 technology leaders in Auckland on 21 October, recognising the achievements of top partners, start-ups, vendors, distributors and individuals.

Meet the winners of the 2020 Reseller News Innovation Awards
Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Show Comments