Cisco buys Acano

the Cisco kidNetwork company Cisco said it has shelled out conference software outfit for $700 million in cash.

Acano, a privately held UK firm, specialises in gateways and video and audio bridging technology.

The firm’s staff, based in London, will get retention incentives from Cisco in order to keep them happy in their work. The deal is expected to close at the end of April.

Cisco, like many other hi tech companies, is seeking to diversify its business model.

Cisco believes that only a small percentage of enterprises have video in their conference rooms and that figure is bound to grow in the future.

Collaboration business accounts for just over 10 percent of Cisco’s business.

Last month, Cisco bought a company called Lanope for $450 million, and in June it bought OpenDNS. It also took over cyber security firm Sourcefire two years ago for $2.7 billion.