Cisco (Nasdaq: CSCO) has acquired US integrator Versly, the former said in a statement without disclosing the purchase price.
Versly integrates collaboration capabilities via a plug-in into Microsoft(Nasdaq: MSFT) Office applications. According to the release, collaboration is one of Cisco's five company priorities and represents what it believes to be a total addressable market of US$45bn.
"Collaboration is a top priority at Cisco. 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," said Murali Sitaram, Cisco's VP and general manager of the collaboration software group (CSG).
Versly's software will be integrated into a variety of Cisco's collaboration offerings, including Cisco Quad, Cisco Jabber and Cisco WebEx.
For example, users will be able to receive automatic notifications in Cisco Quad when the content of a document has changed, jump from simply reviewing a document to an instant messaging session through Cisco Jabber, or initiate a web conferencing session from a presentation through Cisco WebEx.
Once the acquisition is closed, Versly employees will be integrated into Cisco CSG.