Finance / United States
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Cisco Acquire Postpath
September 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Corporate activity continues apace in the IT industry this week, as US giant Cisco announced that it will pay US$215mn for venture capital (VC) backed open-source start up firm PostPath. The acquisition marks the latest move in the company's continuing attempts to beef up its online workplace collaboration capabilities, a process it began in 2007 with the US$3.2bn acquisition of WebEx. Cisco VP Charles Carmel has said that the acquisition will augment the collaboration platform established with that acquisition, and enable Cisco to increasingly compete with Microsoft's Exchange services.