Cisco Acquires WebEx for $3.2 billion

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Justin.tv: The Truman Show of Web 2.0

WebExNearly doubling the size of the GooTube acquisition, Cisco announced today that they’ve acquired WebEx, a company providing  web-based corporate collaboration tools and utilities. As Web 2.0 as it may seem at first glance, WebEx was indeed founded way way back in 1995 and after having its IPO in July 2000, has grown into a company with more than 2200 employees.

Boasting 2.2 million registered business users, WebEx is an interesting company because it’s been there from when the web was in its very initial stages to now; whatever stage you call that. As the web’s grown, WebEx is one company which has adapted new technologies that have been made possible and really leveraged everything out of them to serve to the business niche of customers. I’ve had the chance of using some of their products in they’re past, and they are a very innovative company.

Personally, I really love it when these kind of acquisitions happen because that gives hope to many others who are possibly doing the same thing and questionably even better. As a continous snowball effect, these leads to more innovation and ultimately another one of these acquisitions. It couldn’t possibly hurt anything could it? 


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