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.”
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