Cisco announced that it acquired privately-held Versly.
Versly integrates collaboration capabilities via a plug-in into Microsoft
Office applications, simplifying the way people work by enabling more effective
collaboration around content in documents, spreadsheets, presentations and
“Collaboration is a top priority at Cisco. With this
acquisition we’re enhancing our collaboration offerings and improving the user
experience by integrating social technologies within the business applications
individuals and teams use at work. Furthermore, the integration with Versly
will drive productivity improvements for organizations and their knowledge
workers, many of whom are among the 600 million Microsoft Office users,”
said Murali Sitaram, vice president and general manager, Collaboration Software
Group (CSG), Cisco.
Collaboration is one of Cisco’s five company priorities
and represents what Cisco believes to be a total addressable market of $45 billion. The acquisition will
provide more opportunity for Cisco partners to provide enhanced collaboration
solutions to customers.
Versly’s software will be integrated into a variety of
Cisco’s collaboration offerings including Cisco Quad, Cisco Jabber and Cisco
WebEx. For example, users will be able to receive automatic notifications
within Cisco Quad when the content of a document has changed, escalate from
simply reviewing a document to an instant messaging session through Cisco
Jabber, or initiate a web conferencing session from a presentation through
“With this acquisition we are gaining strong talent
and innovative technology that builds on Cisco’s successful collaboration
platform. We continue to expand our collaboration architecture to change the
way businesses work,” said Ned Hooper, senior vice president and chief
strategy officer, Cisco.
Upon the close of the acquisition, Versly employees will
be integrated into Cisco CSG. Financial terms of the transaction are
Recently, Cisco announced that it is set to acquire
service fulfillment software assets and associated employees from the UK
subsidiary (formerly Axiom Systems) of parent company Comptel Corporation.
The acquisition will enable Cisco to extend network and
service management technologies across its next-generation Internet Protocol
(IP) network platforms and enable service providers to more quickly and
efficiently launch new video, data, mobility and cloud services to their
By Telecomlead.com Team