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!

Error: Please check your email address.

Featured

Slideshows

Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News ICT Industry Awards 2017 - Meet the winners...

Reseller News honoured the industry’s finest on a standout evening for the New Zealand channel, recognising the achievements of established and emerging partners on a memorable night in Auckland.

Reseller News ICT Industry Awards 2017 - Meet the winners...
Show Comments