Financial terms of the acquisition were not disclosed, but all Versly employees will be integrated into Cisco’s Collaboration Software Group (CSG) upon the close of the acquisition.
Versly builds plug-ins that enable groups of people to collaborate around content in Word documents, Excel spreadsheets, PowerPoint presentations and emails.
From the looks of it, the service was still in private beta, so this is a quick exit for Versly.
Here’s how Murali Sitaram, VP and general manager, CSG, Cisco, pitches the acquisition:
“Collaboration is a top priority at Cisco. With this acquisition we’re enhancing our collaboration offerings and improving the user experience by integrating social technologies within the business applications individuals and teams use at work.”
Versly’s software will be integrated into offerings such as Cisco Quad, Jabber and WebEx.
According to its CrunchBase profile, Versly was backed by seed funding raised from Accel Partners, Baseline Ventures, 500 Startups and a couple of angel investors, including Scott Dietzen, Kenny Van Zant, Jonathan Katzman and Rasool Rayani.
Versly integrates with Word, Excel and Powerpoint making it easy for groups to stay organized and on track – Anytime, Anywhere.
Cisco designs and sells hardware, software, networking, and communications technology services. Products are distributed under five brands, namely Cisco, Linksys, WebEx, IronPort, and Scientific Atlanta. Cisco was founded in 1984 by a small group of computer scientists from Stanford University. Since the company’s inception, Cisco engineers have been leaders in the development of Internet Protocol (IP)-based networking technologies. Cisco name is based on its origins starting up in San Francisco.