Thursday
Mar152007
Marketplace Alert: Webex Bought by Cisco!
March 15, 2007
TO: Learning TRENDS Readers
FROM: Elliott Masie
RE: MARKETPLACE ALERT
Cisco Buys Webex!
This press release just came across the wire:
"Cisco and WebEx today announced a definitive agreement for Cisco to
acquire WebEx. WebEx is a market leader in on-demand collaboration
applications, and its network-based solution for delivering
business-to-business collaboration extends Cisco's vision for Unified
Communications, particularly within the Small to Medium Business (SMB)
segment."
"Under the terms of the agreement, Cisco will commence a cash tender offer
to purchase all of the outstanding shares of WebEx for $57 per share and
will assume outstanding share-based awards, for an aggregate purchase
price of approximately $3.2 billion, or approximately $2.9 billion net of
WebEx's existing cash balance."
"As collaboration in the workplace becomes increasingly important,
companies are looking for rich communications tools to help them work more
effectively and efficiently," said Charles H. Giancarlo, Chief Development
Officer at Cisco. "The combination of Cisco and WebEx will deliver
compelling solutions accelerating this next wave of business
communications."
"Cisco and WebEx share a vision of web collaboration as a key to
accelerating business processes and critical to durable competitive
advantage," said Subrah S. Iyar, CEO of WebEx. "Cisco's global reach and
customer focus will help us extend our core web collaboration applications
and continue to broaden the services we offer through the WebEx Connect
platform."
Information at: http://www.webex.com
Upcoming MASIE Center Events & Services:
* LMS 2007: April 12-13 - Las Vegas, NV.
* Performance Support LAB & Seminar: April 25-27 - Saratoga Springs, NY.
* Extreme Learning LAB & Seminar: May 9-11 - Saratoga Springs, NY.
* Learning 2007: Oct 21-24 - Orlando, FL.
* Membership in our Learning CONSORTIUM.
Information at http://www.masie.com
FROM: Elliott Masie
RE: MARKETPLACE ALERT
Cisco Buys Webex!
This press release just came across the wire:
"Cisco and WebEx today announced a definitive agreement for Cisco to
acquire WebEx. WebEx is a market leader in on-demand collaboration
applications, and its network-based solution for delivering
business-to-business collaboration extends Cisco's vision for Unified
Communications, particularly within the Small to Medium Business (SMB)
segment."
"Under the terms of the agreement, Cisco will commence a cash tender offer
to purchase all of the outstanding shares of WebEx for $57 per share and
will assume outstanding share-based awards, for an aggregate purchase
price of approximately $3.2 billion, or approximately $2.9 billion net of
WebEx's existing cash balance."
"As collaboration in the workplace becomes increasingly important,
companies are looking for rich communications tools to help them work more
effectively and efficiently," said Charles H. Giancarlo, Chief Development
Officer at Cisco. "The combination of Cisco and WebEx will deliver
compelling solutions accelerating this next wave of business
communications."
"Cisco and WebEx share a vision of web collaboration as a key to
accelerating business processes and critical to durable competitive
advantage," said Subrah S. Iyar, CEO of WebEx. "Cisco's global reach and
customer focus will help us extend our core web collaboration applications
and continue to broaden the services we offer through the WebEx Connect
platform."
Information at: http://www.webex.com
Upcoming MASIE Center Events & Services:
* LMS 2007: April 12-13 - Las Vegas, NV.
* Performance Support LAB & Seminar: April 25-27 - Saratoga Springs, NY.
* Extreme Learning LAB & Seminar: May 9-11 - Saratoga Springs, NY.
* Learning 2007: Oct 21-24 - Orlando, FL.
* Membership in our Learning CONSORTIUM.
Information at http://www.masie.com
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