Google Acquires Marratech; Gets Into WebEx Territory
After reporting a monster fiscal quarter (the company has close to $12 billion in cash sitting around now and has hired nearly 2,000 new employees this year), Google made a quiet announcement on its corporate blog tonight - they've acquired Swedish startup Marratech for an undisclosed price. This is the first I've heard of Marratech, which is broadly in the e-meeting space and certainly competes with WebEx (recently acquired by Cisco for $3.2 billion). Users are able to communicate via text chat, VOIP and video, and share applications in a virtual meeting.
Source: http://www.techcrunch.com/2007/04/20/google-acquires-marratech-gets-into-webex-territory/
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