Cisco Systems (Nasdaq: CSCO) plans to offer a consumer version of its videoconferencing service, according to the Wall Street Journal.
The newspaper said Thursday that Cisco would announce the new offering at a media event next Wednesday.
Cisco’s Telepresence service is in use by businesses worldwide and is heavily promoted by the company as part of its "Human Network" campaign. Cisco is investing heavily in video technology at business and consumer levels based on its belief that video traffic will continue to grow across the Internet at all levels from individual users in their homes to multinational corporations.
According to the Journal, Cisco will offer a video camera and device that will link HD TVs to the Internet for the service.
The device will be priced at $600 and the service will cost $30 monthly, the Journal said.
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Cisco employs more than 4,000 people at its campus in RTP.
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