IT company
Cisco is to buy collaboration infrastructure provider Acano Limited (Acano). Cisco, which was established in 1984, has headquarters in San Jose, California, United States. The company is a globally recognized brand involved in designing, manufacturing and selling networking equipment. Cisco’s purchase of Acano is intended to enhance the capabilities of its collaboration portfolio.
Cisco's collaboration activity has seen a 17% increase and the company recognizes a need to offer solutions that are not bound by particular vendors. Acano, which has headquarters in London, United Kingdom, specializes in collaboration infrastructure and conferencing software. Its video and audio solutions enable users to connect video systems from a variety of vendors via the cloud and hybrid solutions.
Cisco’s acquisition of the company helps its move towards a goal of delivering video “everywhere, providing the best collaboration experience across every endpoint, every screen, every workspace, and to every user”. Acano’s solutions offer high degrees of interoperability and scalability, offering infrastructure models that support “a higher capacity of users and systems than customers have ever required before”.
The deal will cost Cisco $700 million in cash and see Cisco Collaboration Technology Group absorb Acano’s employees (who will be under the leadership of Senior Vice President and General Manager, Rowan Trollope). The acquisition will be completed in the third quarter of the 2016 fiscal year, depending on regulatory scrutiny.
"People, companies and organizations are more geographically dispersed than ever before, and collaboration is essential to helping teams increase productivity and drive growth," explained Cisco Corporate Development’s Vice President, Rob Salvagno. "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."
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