- 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.
at Zacks.com (Nov 18, 2014)