Cisco buys collaboration software startup Versly
Cisco Systems continues to focus on developing collaborative solutions for the workplace with the acquisition of software maker Versly.
Cisco Systems has acquired Versly, a private startup that specializes in developing software and solutions for more effective collaboration and productivity.
Versly's primary tool is a plug-in on Microsoft Office applications that enables collaboration on documents, spreadsheets, presentations and e-mail.
So far it appears all of Versly's employees will be moving over to Cisco when the deal is complete.
Cisco has said that collaborative solutions will be a top focus for the company as it continues to reprioritize--especially as the San Jose, Calif.-based enterprise sees this field as an addressable market worth $45 billion. Consumer devices don't meet these requirements for Cisco, but we have seen Cisco push collaborative apps into its other products, such as the tablet.
Murali Sitaram, vice president and general manager of Cisco's collaboration software group, said in a statement:
Collaboration is a top priority at Cisco. With this acquisition we're enhancing our collaboration offerings and improving the user experience by integrating social technologies within the business applications individuals and teams use at work.
Specifically, Versly's resources and solutions will be integrated into many of Cisco's own offerings, including Cisco Quad, Cisco Jabber and Cisco WebEx.
Financial terms of the transaction have not been undisclosed.
This story was originally published at ZDNet's Between the Lines.