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 Business Case for Updating an Aging Phone System

    You may think your business phone system is functional, but is it fully modern? In recent years, telecommunications technology has made major strides. A system that was perfectly serviceable ten years ago—or even five years ago—is now very out-of-date. more

  • [Infographic] 15 Questions to Ask When Selecting a VoIP Provider

    Deciding which phone system is right for your business can be difficult. With our VoIP technology blueprint, discover the top 15 questions you should ask VoIP vendors before you make a buying decision. more

  • 2017 Business VoIP Buyer's Guide

    In 2017, more business will transition to a VoIP phone system. If you are among them—or if you’ll be upgrading an existing VoIP system—you need to learn about the latest technologies and market trends. more

  • 2017 Business VoIP Trends

    VoIP and UC (Unified Communications) technology is advancing all of the time. In order to reap the many business benefits of VoIP, you need to learn about industry trends, including text messaging, WebRTC, Unified Communications as a Service, and more. more

  • The New 2016 IP Phone System Comparison Guide

    Choosing VoIP over traditional solutions makes sense for your business and your budget. But choosing the best VoIP solution isn't always easy. Our guide is an essential road map in your search for the best VoIP solution for your business. more

Related Articles