Cisco has revealed plans to acquire London-based video conferencing specialist Acano for $700 million (€659 million).
Acano provides “collaboration” hardware and software that allows customers to connect video conferencing systems from different vendors, including gateways and AV bridging technology.
Its platform includes support for Microsoft Lync and WebRTC and offers virtualised software options to improve scalability.
Cisco said the acquisition would improve the interoperability of its own video conference products and allow it to capitalise on the growing demand for open and interoperable video conferencing systems.
The Acano team will join the Cisco Collaboration Technology Group, led by SVP Rowan Trollope.
The acquisition is expected to close in Q3 2016 and is subject regulatory approval.
Cisco said in July that it will make strategic commitments worth $1 billion (€906 million) in the UK over the next three to five years.
The company additionally announced a far-reaching tie-up with Ericsson earlier this month.
Rob Salvagno, Vice President of Cisco Corporate Development, said: “People, companies and organisations are more geographically dispersed than ever before, and collaboration is essential to helping teams increase productivity and drive growth.
“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.”