WebEx to join the Cisco network

Cisco is buying web conferencing solution provider WebEx to support its push into the collaboration space, the company announced last week.

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By  Administrator Published  March 21, 2007

Cisco is buying web conferencing solution provider WebEx to support its push into the collaboration space, the company announced last week.

The networking giant said the US$3.2 billion deal would enable it to advance its position in the unified communications and collaboration market and help it expand in the SMB segment.

WebEx offers technologies and services that allow companies to engage in real-time conferences over the internet, as well as share web-based documents. It claims to have a 64% share of the online meeting applications market, making it the leader in this segment ahead of Microsoft and Citrix.

“WebEx’s technology and services portfolio complement Cisco’s leadership in the unified communications and collaboration market, while providing Cisco with a new and unique business model to expand its presence in the fast-growing SMB market,” Cisco chief development officer Charles Giancarlo stated.

The deal is expected to close in the fourth quarter of Cisco’s fiscal year 2007.

The acquisition is the latest move in Cisco’s ongoing battle with Microsoft for market share in the unified communications market.

One day prior to Cisco’s WebEx announcement, Microsoft revealed it was acquiring voice recognition technology firm Tellme Networks. It did not disclose the value of the deal.

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