We are at an inflection point in video adoption. In the enterprise alone, less than 10 percent of the conference rooms in the world are connected via video and only 1 percent of users have video systems on their desktop today. The market is poised for dramatic growth, with IP video expected to represent 80 percent of all global Internet traffic by 2019, up from 67 percent in 2014.

Cisco believes that we can capture this massive market opportunity by delivering the best collaboration experience across every endpoint, every screen, every workspace, and to every user. Our vision is to dramatically increase the number of video-enabled conference rooms -moving from every one in 10 conference rooms connected with video, to every one in four within the next ten years. And we want people to be able to connect to those rooms easily from any device or system they have today. That's why today we are announcing Cisco's intent to acquire privately-held Acano Limited, a leading provider of collaboration infrastructure and conferencing software.

Acano's portfolio includes video and audio bridging technology and gateways to enable customers to connect different collaboration solutions from disparate vendors across cloud and hybrid environments. Together, Acano will help Cisco expand the interoperability and scalability of our collaboration portfolio -allowing customers to connect from anywhere, from a browser on a mobile device to the corporate boardroom, and now scaling to easily connect thousands of users across an organization.

Over the last two years, Cisco's collaboration business has provided a standout example of the strength of our build, buy, partner, invest and co-develop approach to innovation. Internally, Cisco's collaboration team has achieved several significant milestones, refreshing the entire endpoint portfolio in the past 12 months and simplifying our offerings from 65 endpoints down to 17, and driving double-digit endpoint growth each quarter for the past year. We've introduced a new cloud collaboration platform and Cisco Spark, a new team collaboration service. Acquisitions also played a key role; over the past two years we've acquired three companies to help accelerate our development in cloud, Collaborate, Assemblage and Tropo. And we've introduced key partnerships such as one with Apple earlier this fall to integrate iPhones with Cisco environments and provide unique collaboration capabilities on iPhones and iPads.

Today's acquisition builds upon this strategy. By combining Acano's expertise with a Cisco team that has driven incredible growth of our collaboration business, we believe we can accelerate our collaboration momentum and bring new capabilities to market faster. The Cisco and Acano teams together will help make video dramatically more pervasive to the desktop and to conference rooms of all sizes.

*UPDATE: January 29, 2016: We are pleased to welcome the Acano team on board!  Watch the video.