Cisco Buys S.F. Startup

By Neil Zawacki
Updated: August 30, 2011

On August 29, 2011, Cisco Systems announced that it had successfully bought Versly, a San Francisco-based startup that specializes in online collaboration software. The acquisition will allow Cisco to merge the Microsoft Office Suite with its own platform into a complete corporate software package. The specific terms of the deal were not released to the public.

Versly allows users to quickly share documents to anyone in their Microsoft Office address book. It can also be used to send and receive detailed feedback on any document that is open. Other features include powerful organization tools and an archived file history for spreadsheets and presentations.

The software is currently undergoing beta testing from approximately 250 users. The company itself has ten employees who will be moved to Cisco’s San Bruno office at an undisclosed date in the future. One of these employees is a member of the original Java team at Sun Microsystems.

Rob Salvagno, the Vice President of Corporate Development at Cisco, released a short statement about the deal. He stated, “This is a perfect example of a technology and talent acquisition.” He also declared that the addition of Versly will enhance “the way people communicate and relate to each other… and different business processes that they use.”

Featured Research
  • The New 2017 Phone Systems Comparison Guide

    It was a painstaking process, but to help B2B companies start 2017 off on the right foot, we recently compiled a comparative list of the top 34 business phone vendors in the world. In one, easy-to-reference location, we’ve neatly outlined the information you need. more

  • 8 Common Pain Points UC Eliminates

    Many businesses rely on a collection of communication tools that they adopt to address specific needs as they arise. This strategy may seem to work in the beginning, but eventually will lead to a system that is cumbersome to use, difficult to explain to new hires, expensive, and effective in some areas, but full of gaps. more

  • Top 11 VoIP Vendors

    Signing up with a VoIP provider is a major business decision that will affect your internal communications, customer service, and communications with business partners. The decision can be a difficult one; choosing the wrong VoIP provider can cost a business hundreds of thousands of dollars. more

  • How UC Can Improve Employee Productivity

    Unified Communications (UC) is a new concept that is revolutionizing business communications. Every year, more and more companies are ditching their traditional PBX systems for a UC solution. But before you make the move, it’s critical to understand how UC will affect your workplace and employees. more

  • Best Mobile VoIP Apps for Business

    VoIP phone systems and mobile apps are becoming very popular for business use and are helping companies streamline their business communications on the go, while reducing costs. In fact, according to a study by Infonetics Research, VoIP subscribership has been growing at a rate of approximately 14%, year over year, each year since 2009. more

Related Articles