Robin Wauters currently works as a staff writer for TechCrunch and lead editor of Virtualization.com. Aside from his professional blogging activities, he’s an entrepreneur, event organizer, occasional board adviser and angel investor but most importantly an all-round startup champion. Wauters lives and works in Belgium, a tiny country in Europe. He can often be found working from his home or... ? Learn More
Cisco this morning announced that it has acquired San Francisco startup Versly, a privately-held company that develops collaboration tools that integrate with Microsoft Office applications.
Financial terms of the acquisition were not disclosed, but all Versly employees will be integrated into Cisco’s Collaboration Software Group (CSG) upon the close of the acquisition.
Versly builds plug-ins that enable groups of people to collaborate around content in Word documents, Excel spreadsheets, PowerPoint presentations and emails.
From the looks of it, the service was still in private beta, so this is a quick exit for Versly.
Here’s how Murali Sitaram, VP and general manager, CSG, Cisco, pitches the acquisition:
“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.”
Versly’s software will be integrated into offerings such as Cisco Quad, Jabber and WebEx.
According to its CrunchBase profile, Versly was backed by seed funding raised from Accel Partners, Baseline Ventures, 500 Startups and a couple of angel investors, including Scott Dietzen, Kenny Van Zant, Jonathan Katzman and Rasool Rayani.
The company was started by former BEA and Sun exec Benjamin Renaud and former Yahoo-er Erik Eccles. The rest of the team is detailed here.
Versly integrates with Word, Excel and Powerpoint making it easy for groups to stay organized and on track – Anytime, Anywhere.
Learn more Cisco designs and sells hardware, software, networking, and communications technology services. Products are distributed under five brands, namely Cisco, Linksys, WebEx, IronPort, and Scientific Atlanta. Cisco was founded in...
Learn more View the original article here
This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.
