Sunday, July 31, 2005

WebEx to Acquire

WebEx Communications agreed to acquire privately held, a leading provider of asynchronous collaboration applications for small and medium-size businesses, for approximately $45 million in cash., which is based in Burlington, Massachusetts, claims more than 300,000 paying subscribers and 10,000 corporate sites. The site provides an on-demand suite of asynchronous collaboration tools for team collaboration, project management and partner coordination. The integrated suite includes secure document sharing, group scheduling, task management, database applications, discussion forums and contact directories.

WebEx said the acquisition would enable it to offer companies of all sizes a comprehensive, cost-effective, on-demand web collaboration suite with both real-time and asynchronous capabilities.

"This acquisition secures our position at the nexus of two fast-growing market segments: web collaboration and on-demand applications," said Subrah Iyar, CEO of WebEx. "Companies of all sizes are realizing the cost and productivity benefits of on-demand solutions. WebEx is uniquely positioned to provide a new generation of web collaboration solutions that are affordable, easy-to-use and can be deployed immediately."

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