×

Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.

BtoB

Cisco to buy WebEx for $3.20 billion

Published on .

Most Popular
San Jose, Calif.—Cisco Systems announced plans to acquire Web collaboration software company WebEx in a deal valued at roughly $3.20 billion.

WebEx, which was founded in 1995, develops technologies and services that enable companies to collaborate in real time over the Internet as well as share documents and applications online.

The deal is expected to close in the fourth quarter. It has been approved by the boards of each company and is subject to regulatory approval.

Following the acquisition, WebEx will become part of Cisco’s Development Organization.

—Kate Maddox

In this article: