Cisco to buy PostPath for $215 million

Cisco to buy PostPath for $215 million

Cisco Systems Inc., which makes computer networking gear, said Wednesday it will buy e-mail and calendaring software provider PostPath Inc. for about $215 million. Cisco said the purchase will help it extend the e-mail and calendar functionality of its software-as-a-service-based collaborative platform, which includes instant messaging, voice, video, data, document management and Web 2.0 applications. "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," Doug Dennerline, Cisco's senior vice president of its Collaboration Software Group, said in a statement. Privately held PostPath is based in Mountain View, Calif.