Cisco Systems acquiring Jabber

Cisco Systems acquiring Jabber

Networking industry giant Cisco has announced that they are now acquiring privately held Jabber.

Jabber specializes in developing instant messaging solutions.

Cisco would be using technologies acquired from Jabber to enhance their own Internet-based communications products.

The two companies did not reveal the financial aspects of this deal.

Doug Dennerline, senior vice president of Cisco’s Collaboration Software Group spoke about this acquisition deal: “With the acquisition of Jabber, we will be able to extend the reach of our current instant messaging service and expand the capabilities of our collaboration platform.”

Cisco said that they expect this deal to close by January next year.