Last month we mentioned Cisco's purchase of Web conferencing leader WebEx Communications in a deal rumored to be worth $3.2 billion. Well guess what? It appears that Google has thrown their hat into the Web Conferencing ring. Various reports state that Google, amidst announcing its first quarter earnings that surpassed analyst expectations with $1 billion in profit on revenues of $3.7 billion, quietly noted on its blog that it had acquired video conferencing software maker Marratech.
The "quiet" announcement on the blog may indeed be an indication that Google has set it sights on Cisco's WebEx acquisition. Terms of the acquisition were not disclosed
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Google Buys Video Conferencing Software
Labels: cisco, google video conferencing