APCisco to buy messaging provider JabberFriday September 19, 3:39 pm ET
Cisco to buy instant-messaging software company Jabber for undisclosed sum
SAN JOSE, Calif. (AP) -- Cisco Systems Inc. Friday said it would buy Jabber Inc., a maker of instant-messaging software for corporations.
Denver-based Jabber is privately held, and the terms of the deal were not disclosed.
San Jose, Calif.-based Cisco will incorporate Jabber into multiple platforms, including WebEx Connect teleconferencing and Cisco Unified Communications.
"With the acquisition of Jabber, we will be able to extend the reach of our current instant messaging service and expand the capabilities of our collaboration platform," said Doug Dennerline, senior vice president of Cisco's Collaboration Software Group.
Shares of Cisco added $1.25, or 5.5 percent, to $24.05 in afternoon trading. The stock earlier hit a year low of $17.25. It has ranged between $20.56 and $34.24 over the past year.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment