Cisco buys Assemblage to strengthen collaboration tool lineup


Assemblage offers Web-based online meeting, presentation broadcasting, screen-sharing, and whiteboarding apps that integrate with a variety of 3rd-party cloud services and support 40 different file types.

The purchase bolsters Cisco's (CSCO +0.7%) collaboration software unit, which is headlined by its WebEx (Web conferencing) and Jabber (IP-based voice, video, and messaging) tools. Terms are undisclosed.

The business has been a pocket of strength for Cisco: Though its total collaboration revenue fell 12% Y/Y in FQ3 (orders rose 4%) due to videoconferencing hardware weakness, WebEx revenue was up 7%.

Cisco recently struck a deal with Jive Software to integrate WebEx/Jabber with Jive's enterprise social networking software. The deal has fueled some speculation Cisco could make a bid for Jive.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs