Cisco acquires Versly

Cisco has acquired privately-held Versly. Based in San Francisco, Versly integrates collaboration capabilities via a plug-in into Microsoft Office applications, simplifying the way people work by enabling more effective collaboration around content in documents, spreadsheets, presentations and email.

Collaboration is one of Cisco's five company priorities and represents what Cisco believes to be a total addressable market of $45 billion. The acquisition will provide more opportunity for Cisco partners to provide enhanced collaboration solutions to customers. Versly's software will be integrated into a variety of Cisco's collaboration offerings including Cisco Quad, Cisco Jabber and Cisco WebEx.

"With this acquisition we are gaining strong talent and innovative technology that builds on Cisco's successful collaboration platform," said Ned Hooper, Senior Vice President and Chief Strategy Officer, Cisco. "We continue to expand our collaboration architecture to change the way businesses work.