Menu
Cisco to buy WebEx for $3.2 billion

Cisco to buy WebEx for $3.2 billion

Cisco said Thursday it will acquire Internet-meeting vendor WebEx for $3.2 billion.

Cisco Systems Inc. announced Thursday it will buy the online conference provider WebEx Communications Inc. for US$3.2 billion to sell collaboration tools to small and medium businesses.

Cisco will use WebEx's technology services to build a stronger combination of communications and collaboration platforms for business customers, said Cisco Chief Development Officer Charles Giancarlo.

WebEx markets its technology as a subscription-based service that lets companies hold real-time or asynchronous data conferences over the Internet, and share Web-based documents and workspaces.

The boards of directors at both companies have approved the deal, so the merger now has to clear antitrust regulations in the U.S. and abroad. Cisco said it expects the deal to close by the end of the fourth quarter.


Follow Us

Join the newsletter!

Or
Error: Please check your email address.

Featured

Slideshows

Bumper channel crowd kicks off first After Hours of 2018

Bumper channel crowd kicks off first After Hours of 2018

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Jefferson in Auckland to kick-start 2018. Photos by Gino Demeer.

Bumper channel crowd kicks off first After Hours of 2018
Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Show Comments