March 21, 2007

Communications powerhouse Cisco has purchased WebEx Communications Inc., a technology provider for online meetings, for $3.2 billion. In a blog posting, Cisco's president and chief development officer, Charlie Giancarlo, wrote, "We feel strongly that network-based collaboration is a large part of our futureÉWebEx was one of the early leaders in this market and remains a leader 10 years later, making intercompany collaboration accessible and easy for their customers."