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
  • [Infographic] 8 Common Pain Points UC Eliminates

    Every company has moments of frustration, it is when these moments become extended periods of inefficiency, or pain points, where we start to see loss in productivity and employee morale. What truly sets a successful business apart from those of its competitors, is how they take these pain points and use them as opportunities to improve upon procedures and systems to eliminate pain points and move beyond what was the status quo. more

  • Go VoIP and Go Green

    You may be looking to switch to VoIP because of the cost benefits that it will bring your company, but did you know that it is also FAR BETTER than traditional phone systems for the environment as well? With environmental impact being at the forefront of both consumer and business minds, it is essential that business decisions are made now based on economic AND ecological impact. more

  • eGuide: Comparing UC Vendors

    Changing your company’s business communications solution is an investment in time and money that will touch everyone in your organization. A successful unified communications (UC) deployment should streamline everyone’s work flow, simplify IT operations and deliver a lowered total cost of operations. Your company deserves nothing less. more

  • Getting More from Your VoIP System

    Too many businesses fall into the trap of setting up their VoIP as a "plug and play" and getting to work. However, we have found that this thinking only leads to businesses failing to get the most out of their VoIP experience. We have put together an in-depth guide that will walk you through 15 easy steps to get more out of your system. more

  • Making Your Phone System Work

    Deciding what to do about a legacy phone system can be difficult. The advantages of modern systems like VoIP are well-documented, but the switch can still be resource intensive. Updating your old system is usually the better decision, but circumstances often make this impossible. Fortunately, there are other ways to improve and tweak an existing system to enjoy better performance. more

Related Articles