Received a very interesting email today regarding my WebEx account—Cisco is going to acquire them. It will be very interesting to see how Cisco leverages WebEx technologies. See email below:
Dear WebEx Customer:
Ten years ago, we founded WebEx with a vision of creating a new workplace paradigm. In our first decade we've achieved some important milestones. Our registered user base has expanded to more than 2.2 million and we now serve more than 28,000 customers in 85 countries worldwide.
Today I'm pleased to share with you a new milestone in WebEx's history.
This morning we announced that we have entered into a definitive agreement to be acquired by Cisco. This is an exciting development for our company and for you, our customers, who can look forward to Cisco's continued commitment to your success.
After closing, WebEx will join Cisco's rich portfolio of collaboration solutions. By connecting the highly complementary WebEx and Cisco collaboration product lines, we can help companies of any size accelerate business processes through effective collaboration with partners, colleagues and customers.
As a customer of Cisco, you will benefit from the vast customer service and support resources available through one of the world's largest and most successful technology companies. Your existing relationships with WebEx sales, support, and partner personnel will be enriched by Cisco's global account relationships, world-class customer support, and other value-added services.
We encourage you to learn more about this announcement by viewing the press release at, http://newsroom.cisco.com. The acquisition, which we anticipate will close in mid 2007, will require government regulatory approval and is subject to other customary closing conditions.
For now it is "business as usual" at WebEx. As we continue to conduct normal business operations, we will work very hard and coordinate closely across our two organizations to ensure an outstanding experience for all WebEx customers.
We hope you share in our excitement as we enter this exciting phase. Thank you for your support and we look forward to continuing our important relationship with you as WebEx becomes part of the Cisco organization.
Subrah S. Iyar
Chairman and CEO