The two companies did not disclose financial terms.
Denver-based Jabber provides open instant messaging technology that supports different devices and applications, and allows users on separate networks, such as Google Talk or Yahoo Messenger, to connect with each other.
"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," Doug Dennerline, senior vice president of Cisco's Collaboration Software Group, said in a statement.
Cisco said it expects the deal to close by the end of January.
Source: Reuters
Note: Looks like the integration is complete. Good thing Cisco makes good hardware.
Cisco appears to be nudging ever closer to dropping the Linksys brand. Today it announces that it has combined the engineering teams for all its SMB products, forming a single group to develop products for the Cisco and Linksys brands. It has also retired the
Linksys reseller initiaive and is urging Linksys' 20,000-strong reseller community to sign up for the Cisco Channel Partner Program.
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Cisco took a $78 million haircut on its VMware stock investment after it was announced today that VMware co-founder and CEO Diane Greene had been sacked. Perhaps most telling of the unpleasantness surrounding today's event is that Diane Greene is no longer even acknowledged as a co-founder on the VMware leadership/co-founder web page.
A former computer contractor for the City of Newark has admitted he cheated technology giant Cisco Systems of several million dollars. In pleading guilty Wednesday to mail fraud and tax evasion, Michael Kyereme admitted he fraudulently obtained computer parts from Cisco and then resold them.
The 41-year-old Piscataway man faces up to 20 years in federal prison when sentenced in November. He remains free on $500,000 bond. When arrested in March 2007, authorities said Kyereme cheated San Jose, Calif.-based Cisco of more than $10 million, but no figure was specified Wednesday.
Source: MercuryNews
Note: With fuel prices heading up it makes logical sense that video and teleconferencing with become a more critical service for companies to combat these rising fuel prices.
Cisco says its opportunity in video is $10 billion over the next 3-5 years, not including network upgrades required to support video applications. Physical security alone is an $8 billion market, but TelePresence virtual conferencing accounts for Cisco's biggest product ramp, according to Marthin DeBeer, senior vice president of Emerging Technologies.