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In another step from its roots selling telecommunications hardware, Cisco Systems Inc. has agreed to buy videoconferencing company WebEx Communications Inc. for $3.2 billion in cash.
The acquisition, announced Thursday, is part of Cisco's strategy to branch into areas that drive high amounts of traffic across the Internet -- such as business communications, collaboration and social networking -- to increase the need for its routers and switches.
Cisco to Buy WebEx for $3.2 billion [sfgate.com]
Another big aqusition, but how much of this acquisition is going to develop social media and collaboration? I suspect it'll be more than appears on the face of it.
$3.2 , Are they insane?
Not at all. Its the "next generation" of doing business online. Many local business are now catching on and Cisco is going to get a big stake in that market. They can recover that 3.2 billion in no time.
Now, who is going to buy GoToMeeting and their network? The race is on. Google?
I do at least 3 GoToMeetings a week. Working from home and being able to perform presentations that would normally take me a week to prepare for has been incredible. I went from racking up 25k+ miles per year to now under 10k per year. The market is so ripe that the insects are buzzing about.
These types of interfaces are replacing traditional business practices. Now is the time to get on the bandwagon and claim your space. :)
$3.2 , Are they insane?
Collaboration at your fingertips.
Think about the long term future benefits that WebEx or GoToMeeting or any of the other software out there for that type of collaboration environment.
There is another layer of business that has formed out there and this (online collaboration) is the next wave. It has been for many. Its just now becoming more mainstream. Mom can now do a GoToMeeting with Dad and do just about everything. Sis can do a WebEx Meeting with a Classmate. Tech support can fix your computer while you watch. And, with Cisco forking over 3.5 billion, we now know just how serious it is. Its the next wave, jump on board now before its too late.
WebEx, GoToMeeting, etc. are all tools of the next (now) generation. All you old farts out there toting around 800 pounds of product samples and literature in the trunks of your cars are a dying breed. Get a damn computer now while you still have a chance for survival. ;)
Remember the bubble?
Some are saying we are in the bubble again. You would think so with numbers like 3.2 billion being thrown about. WebEx has the target audience that Cisco would want too.
P.S. I don't like driving in traffic anymore. My clients have come to understand the importance of my time and with me spending 1.5 to 2.0 hours in traffic coming to see them, it just isn't an efficient use of my time and the earth's valuable resources. WebEx, GoToMeeting, thank you. ;)
I saw a movie the other day with a boardroom scene. Instead of people sitting at the table, there were 12 flat screen monitors that all moved in the direction of the presenter. That's the next (now) generation.
I found my solution in "webdialogs.com" for about 1/5 the price. I don't need all the bells and whistles of WebEx I just need a way to make presentations and training and give support remotely.
There is even a free conference call option for the parties. (It's a toll call to everyone, but with VOIP and Cell phones there really is no "toll" calling anymore.)
Kudos to Cisco.