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November 12, 2003
Cisco to acquire Latitude
Posted by Stowe Boyd
Cisco has agreed to acquire Latitude Communications for $80M. Latitude's MeetingPlace is a competitor for the increasingly crowded and maturing market for real-time web conferencing, squaring off with solutions from IBM, Microsoft, and WebEx.
Latitude announced a relationship with FaceTime in August 2003 to support integration with the leading instant messaging solutions, moving toward a form of parity with Microsoft and IBM solutions.
Cisco has had a long relationship with Latitude, whose MeetingPlace technology was integrated with Cisco's CallManager as early as 2000. Cisco is aggressively working to add software capabilities to its offerings, particularly those that support advanced application of audio and video in enterprise networks.
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