Cisco acquires Webex for $3.2 Billion
Cisco has agreed to aquire WebEx, the leading web meetings solution for video conferencing, webinars, online training and remote support, for $3.2 billion in cash. In 2006, WebEx generated nearly $50 million in profit on $380 million in revenue. They have $300 million or so in cash on hand, so the net deal value is $2.9 billion.
Video Conferencing is really a very convenient and very fast way in keeping in touch with your business partners.'*:
Video conferencing gave us a way to handle business meetings more efficiently,~;
Video Confering is nice because you do not need to leave the comforts of your office just to attend an important meeting,~"
i always love to do videoconferencing because it is quite convenient"**