Cisco to Acquire PostPath for $245m
Cisco to Acquire PostPath for $245m
September 1, 2008: Cisco has opened up new possibilities to its WebEx collaboration platform this week, announcing that it intends to acquire email and calendaring software developer PostPath.
Cisco says that PostPath's software will boost its software-as-a-service (SaaS)-based WebEx Connect collaboration platform by enabling users to speed up collaboration processes, both within their business, and between businesses.
PostPath’s software is Linux-based, however, it is interoperable with many other e-mail solutions – including mobile clients - and provides a browser-independent AJAX Web client.
“The acquisition of PostPath complements our strategy to develop an integrated collaboration platform designed for how we work today and into the future, providing real productivity gains and a more satisfying user experience,” said Doug Dennerline, Cisco senior vice president, Collaboration Software Group. “Our 'cloud-based' delivery model offers our customers rapid deployment and compelling economics.”
The definitive agreement will see Cisco acquire PostPath for US$215 (AU$245) million and is expected to be complete in the first quarter of fiscal year 2009.
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