Cisco Systems buys privately held Versly

AP News
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Posted: Aug 29, 2011 9:06 AM
Cisco Systems buys privately held Versly

Cisco Systems Inc., one of the world's largest makers of computer networking gear, has acquired Versly, a privately held company that makes software allowing users to collaborate within Microsoft Office programs. Terms were not disclosed.

Versly's software will be integrated into Cisco Quad, Cisco Jabber, Cisco WebEx and other offerings from Cisco. Versly, which is based in San Francisco, makes a plug-in for Microsoft Office programs like Word, PowerPoint and Excel that makes is easy to share files and communicate with other users about them.

Last week Cisco said it planned to buy service fulfillment software assets from Comptel Corp.'s United Kingdom subsidiary, formerly known as Axiom Systems, for about $31 million in cash.

Cisco's stock rose 14 cents to $15.46 in premarket trading Monday.