Showing posts with label webex acquisition. Show all posts
Showing posts with label webex acquisition. Show all posts

Friday, April 20, 2007

Google Acquires Marratech

Google has quietly acquired Marratech, a video conferencing start-up company based in Sweden. Marratech was incorporated in 1998, has less than 20 employees and does about $1M in revenue. They were originally a spin-off from the Centre for Distance-Spanning Technology at he Lulea University of Technology.

On a personal level, I always thought WebEx might be a great acquisition target for Google but as it turns out, Cisco beat Google to the punch with a $3.2 billion acquisition of WebEx last month.

The Marratech solution is not web-based but desktop-based and has basic functionality like video, chat, whiteboard, etc. The solution includes a freely downloadable client and a server, called the Marratech Manager. The latter is available as a free server (limited to 5 users) and a licensed server.

The Google Blog stated that the acquisition was to enable Google employees, "Googlers," to share documents internally. Rather than Google building their own internal colloboration solution, they decided to buy Marratech.

Financial details have not been released as of yet.

Thanks,
David Chao
The Web Conferencing Blog

Friday, March 16, 2007

Cisco Buys WebEx (Podcast)

Cisco to Acquire WebEx: Enabling Collaboration in the SMB Market

March 15, 2007 - CDO Charles Giancarlo speaks on acquisition: The combination of Cisco and WebEx will deliver compelling solutions accelerating this next wave of business communications.

Listen to the podcast

Cisco Acquires WebEx

Earlier this week, Cisco (CSCO) entered a definitive agreement to acquire WebEx (WEBX) for $3.2 billion cash buy out. WebEx CEO Subrah Iyar must have had his negotiation hat on as he delivered a hefty 25% premium on the deal for all WebEx shareholders. It's interesting to me that Cisco is buying WebEx for $3.2 billion when WebEx's 2006 revenue was $380M. The numbers just don't add up unless there is some significant strategic valuations in play...the WebEx Connect Strategy perhaps???

WebEx will operate as an independent business unit with Subrah Iyar reporting to Charlie Giancalo, Cisco Chief Development Officer and President of Cisco-Linksys. Download Charles_Giancarlo_bio_3.2.07.pdf

More details on the story