Cisco Buys WebEx

Cisco Systems, the San Jose, Calif.–based technology giant, has agreed to buy WebEx, a leading provider of webconferencing and online meeting technology, for about $3.2 billion.

WebEx, founded in 1995, provides technologies and services that allow individuals to hold meetings, collaborate, and share documents over the Internet. According to the company’s figures, it owns 64 percent of the webconferencing market and is used by 3.5 million people every month. The Santa Clara, Calif.–bas

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