Cisco buys email provider PostPath
Published: 28 Aug 2008 11:45 BST
Cisco announced plans on Wednesday to acquire email and calendaring software maker PostPath in a $215m (£117m) deal.
The acquisition, which is scheduled to close by the end of October, is designed to bolster Cisco's collaboration portfolio by including PostPath's Linux-based email and calendaring software with Cisco's software-as-a-service platform.
Cisco's collaborative platform includes instant messaging, voice, video, data, document-management and Web 2.0 applications. PostPath will be folded into Cisco's Collaboration Software Group.
"The acquisition of PostPath complements our strategy to develop an integrated collaboration platform designed for how we work today and into the future, providing real productivity gains and a more satisfying user experience," Doug Dennerline, Cisco's Collaboration Software Group senior vice president, said in a statement.
Over the past two years, Cisco has focused on the collaboration market, with chief executive John Chambers touting it as providing the next wave of innovation in the technology arena.
A major piece of that effort has been Cisco's $3.2bn acquisition of WebEx last year. PostPath's technology will be used to enhance the current email and calendaring capabilities of the WebEx Connect collaboration platform.
Credit: Cisco to acquire PostPath for $215 million from CNET News.com
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