Saturday, September 20, 2008

Cisco to Buy Instant-Message Start-Up -

Interesting times in the communication/collaboration market...

The San Jose, Calif., computer networking company is betting that business users will want the tools it is acquiring to work on, share and store files in a virtual "work room," where they can collaborate on projects and communicate over the Internet.

Cisco believes such tools, dubbed the "collaboration" market, can be a $34 billion industry. Other players in the market are Microsoft Corp. and International Business Machines Corp.

"Make no mistake, we are playing to win in the [collaboration space]," said John Chambers, Cisco's chief executive and chairman during the company's analyst day Tuesday.

Cisco to Buy Instant-Message Start-Up -

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