Reuters

(Reuters)

Cisco Buys Versly to Boost Collaboration Business

By Features FOXBusiness

Cisco (CSCO) said Monday it has acquired privately-held Versly for an undisclosed amount in an effort to boost its collaboration efforts.

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Based in San Francisco, Versly integrates collaboration capability via a plug-in into Microsoft Office applications. Its services are intended to simplify the way people work by collaborating documents, spreadsheets, presentations and email.

Collaboration is a top priority at Cisco, the companys general manager of the collaboration software group, Murali Sitaram, said in a statement.

The San Jose, Calif.-based maker of routers that interconnect public and private Internet protocol networks for mobile, data, voice and video applications, said it believes the collaboration market still has a potential value of $45 billion.

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, Sitaram said.

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Upon the deal's consummation, Verslys software will be integrated into Ciscos collaboration products.

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Users, for example, will be able to receive automatic notifications within in Cisco Quad when the content of a document has changed, escalate from simply reviewing a document to an instant messaging session through Cisco Jabber, or initiate web conferencing session from a presentation through Cisco WebEx, according to the company.

Financial terms of the transaction were undisclosed.

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