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Cisco acquires Webex for $3.2 Billion


cisco systems acquires webexCisco has agreed to aquire WebEx, the leading web meetings solution for video conferencing, webinars, online training and remote support, for $3.2 billion in cash. In 2006, WebEx generated nearly $50 million in profit on $380 million in revenue. They have $300 million or so in cash on hand, so the net deal value is $2.9 billion.

 
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4 responses to “Cisco acquires Webex for $3.2 Billion”

  1. Dylan White says:

    i always love to do videoconferencing because it is quite convenient"**

  2. Video Confering is nice because you do not need to leave the comforts of your office just to attend an important meeting,~"

  3. Luis Howard says:

    Video conferencing gave us a way to handle business meetings more efficiently,~;

  4. Video Conferencing is really a very convenient and very fast way in keeping in touch with your business partners.'*:

 
 

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