Cisco just bought….

Cisco just bought PostPath, PostPath offers a Linux-based e-mail, calendaring and collaboration solution. It is interoperable with many other e-mail solutions and provides a browser-independent AJAX Web client. In addition, PostPath’s software is compatible with a number of mobile clients. Most of you guys probably know Zimbra, an open source competitor of Exchange… PostPath can be compared to Zimbra

Under the terms of the agreement, Cisco will pay approximately $215 million in exchange for all shares of PostPath. The transaction will be accounted for in accordance with generally accepted accounting principles. The acquisition is subject to various standard closing conditions and is expected to be complete in Cisco’s first quarter of fiscal year 2009. Upon completion of the acquisition, PostPath employees will become part of the Cisco Collaboration Software Group (CSG). CSG is part of the recently established Software Group, consisting of Cisco’s major software businesses; including the IOS network operating system, network and service management, Unified Communications solutions, policy management, and SaaS offerings.

The acquisition of PostPath complements our strategy to develop an integrated collaboration platform designed for how we work today and into the future, providing real productivity gains and a more satisfying user experience”, said Doug Dennerline, Cisco senior vice president, Collaboration Software Group. “Our ‘cloud-based’ delivery model offers our customers rapid deployment and compelling economics.