As predicted, 2007 has been a year of consolidation for web collaboration companies/technologies.
Google and Marratech for undisclosed amount
Cisco and WebEx Communications for $3.2 billion
Now, AT&T acquires Interwise for $121M. Interwise has about 130 employees with $20M in sales revenue and based in Cambridge, MA.
AT&T said that it expects to retain the Interwise management team, which is headed by Frank Zvi, co-founder, president, and CEO of Interwise. The company's domestic and international operations also are expected to be retained, AT&T said.
Thanks,
