Wednesday, August 27, 2008

Cisco Buys PostPath For $215M

San Jose-based Cisco said this morning that it has acquired Mountain View-based PostPath, a provider of email and calendering software. Cisco said it will pay approximately $215M for PostPath. Cisco said the buy would enhance the firm's existing Cisco WebEx Connect collaboration platform. PostPath's Linux-based software will become part of Cisco's Collaboration Software Group (CSG). PostPath was venture backed by JAFCO American Ventures, Matrix Partners, and Worldview Technology Partners. The firm's email and calendaring software provided a Microsoft Exchange compatible email server.