Cisco Systems is paying $3.2 billion to acquire Internet conferencing technology provider WebEx Communications in a deal that will significantly expand the buyer’s product offerings for small and medium-sized businesses while also addressing its longstanding goal of offering more unified communications equipment.
Analysts said the purchase price is generous, but still reasonable for a company that makes such a critical next-generation communications technology.
“Cisco has been angling to have a presence in this market,” said one industry watcher, who added that WebEx offered one of the few opportunities to expand through acquisition.
Full coverage coming later in The Daily Deal and on TheDeal.com
Related story: Webex gets Intranets.com
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