Just a week and a half after announcing its Tribe.net acquisition, Cisco Systems announced that it will acquire WebEx. WebEx is a B2B online meeting software. Cisco envisions this move to enhance their Unified Communications, “particularly within the Small to Medium Business (SMB) segment.” Cisco will pay $3.2 billion for the company/shares.
Om notes that the price tag is twice that of YouTube, but WebEx is a profitable company. Last year WebEx had a net income of $47 million, after $380 million in sales.
Michael Arrington takes a dimmer view, noting WebEx’s software shortcomings.