Cisco Acquires WebEx for $3.2 Billion

By Alice Hill
RealTechNews

Cisco has been quietly focusing on video conferencing as the next big thing. True, there is very nothing new about video conferencing, but companies like WebEx have made it easy and popular to do conference calls with shared data and some video. If you think of WebEx as the platform and video as the missing link so to speak, you can see what Cisco is up to with this acquisition.

“Cisco and WebEx share a vision of web collaboration as a key to accelerating business processes and critical to durable competitive advantage,” said Subrah S. Iyar, CEO of WebEx. “Cisco’s global reach and customer focus will help us extend our core web collaboration applications and continue to broaden the services we offer through the WebEx Connect platform.”

The deal has been approved by both boards and moves on to federal regulators for a final go-ahead. It is expected to be complete by Cisco’s fourth quarter. Source: Yahoo News

We Say: Anyone remember when drag queen Ru Paul was the WebEx spokesperson back before the crash? Things have certainly changed.