Cisco Systems Inc. (Nasdaq: CSCO), one of the world’s largest makers of computer networking gear, has acquired Versly, a privately held company that makes software allowing users to collaborate within Microsoft Office programs. Terms were not disclosed.
Versly’s software will be integrated into Cisco Quad, Cisco Jabber, Cisco WebEx and other offerings from Cisco. Versly, which is based in San Francisco, makes a plug-in for Microsoft Office programs like Word, PowerPoint and Excel that makes is easy to share files and communicate with other users about them.
“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, vice president and general manager of the Collaboration Software Group at Cisco. “Furthermore, the integration with Versly will drive productivity improvements for organizations and their knowledge workers, many of whom are among the 600 million Microsoft Office users.”
The acquisition is the second announced by Cisco since the company disclosed detailed plans for layoffs and reorganization.
Last week Cisco said it planned to buy service fulfillment software assets from Comptel Corp.’s United Kingdom subsidiary, formerly known as Axiom Systems, for about $31 million in cash.
Cisco’s stock rose 14 cents to $15.46 in premarket trading Monday.
“With this acquisition we are gaining strong talent and innovative technology that builds on Cisco’s successful collaboration platform,” said Ned Hooper, Chief Strategy Officer at Cisco. “We continue to expand our collaboration architecture to change the way businesses work.”
Cisco employs more than 4,000 people at its campus in RTP.
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