Cisco Systems agreed to acquire publicly-held Latitude Communications, a provider of enterprise conferencing solutions, for approximately $80 million in cash. Cisco will pay $3.95 for each outstanding share of Latitude.
Latitude's MeetingPlace product integrates with enterprise desktop scheduling applications such as IBM/Lotus Notes and Microsoft Outlook, as well as with data collaboration and instant messaging solutions such as IBM/Lotus Sametime. The MeetingPlace product also integrates with Cisco CallManager, enabling users to schedule, attend, and manage meetings using the display on Cisco IP phones. These features enhance the capabilities of the more than 2.3 million Cisco IP phones sold to date. Cisco and Latitude also intend to integrate MeetingPlace with Cisco IP/VC for video conferencing capability.
Latitude has 183 employees and some 400 customers worldwide. The company is based in Santa Clara, California.
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http://www.latitude.com/
- A list of previous acquisitions by Cisco Systems --
http://www.convergedigest.com/Mergers/mergersCisco.htm
