Wow -- that's a bold and big investment
Cisco Systems Inc. agreed to buy closely held PostPath Inc. in a $215 million deal, highlighting the networking giant's bid to expand its business-applications portfolio. PostPath, Mountain View, Calif., makes Linux-based email and calendaring software that it markets as an alternative to Microsoft Corp.'s Exchange software. The firm's software will be added to Cisco's WebEx Connect service, which lets companies hold meetings, manage documents and conduct other activities via the Web.
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