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Webex Costs

Webex Costs

Webex Costs

An American firm called Webex Costs  creates and markets applications for online conferencing, videoconferencing, unified communications as a service, and contact centres as a service. [1] It was started in 1995 under the name WebEx and was acquired by Cisco Systems in 2007. San Jose, California, serves as its corporate headquarters. [2]

Webex Costs App, Webex Suite, Webex Meetings, Webex Messaging, Webex Costs Calling, Webex Contact Center, and Webex Devices are some of its software offerings.

[3] The collaboration portfolio of Cisco Systems includes all Webex products.

History

In 1995[4], Subrah Iyar and Min Zhu founded Webex Costs. In July 2000, it held its first public offering. [4] When the NASDAQ Global Select Market debuted in 2006, WebEx was first listed on the NASDAQ National Market. [5]

Services

All Webex Costs apps were MediaTone-based at the time of the acquisition, and the Webex MediaTone Network (formerly known as the Webex interactive network)[6] was a global network created specifically for use with on-demand content. One of the first SaaS systems on the Internet, the network was created by Shaun Bryant, the chief network architect at Webex, and Zaid Ali Sr. [Reference needed]

AIM Pro, a business edition of AIM’s instant messaging programme, was released by AOL and Webex Costs in July 2006 with extra features to support employee collaboration when using Webex’s conferencing tools.

The business revealed plans to launch “Webex Costs Connect,” a web collaboration “mashup” platform, on September 26, 2006.

[Required update]

A change to Webex Costs was announced by Cisco on November 17, 2014.

Acquisition

Intranets.com’s customer base of companies with fewer than 100 workers gave the company access to the small- and mid-size business market when it was acquired in 2005. While Intranets.com continued to give its customers access to the Webex Costs communications environment, it gained the capacity to provide online collaboration capabilities including discussion boards, document sharing, and calendaring. [16]

Cisco Systems stated on March 15, 2007, that it would buy WebEx for $3.2 billion.

[17] According to Webex Costs  their long-term strategy is to integrate WebEx both technologically and commercially. [18]

Cisco purchased BabbleLabs in October 2020.

For its Webex Costs collaboration portfolio, Cisco purchased imimobile, a supplier of communications platform as a service (CPaaS) solutions, in February 2021.

Goldman Sachs securities fraud investigation

Goldman Sachs was accused of producing misleading research, including coverage of WebEx, and IPO violations during the years 1999 to 2001 as a consequence of a securities fraud investigation launched by the SEC and many state Attorney General offices. Goldman Sachs analysts claim that Webex management told them what should and shouldn’t be included in the report. According to Webex, the management’s information was correct. [21] Another claim asserts that Goldman Sachs broke the securities legislation when allocating shares in WebEx’s IPO.

Raindance lawsuit for patent infringement

On September 27, 2005, Webex filed a lawsuit against rival Raindance Communications, Inc., alleging patent infringement. Raindance filed a counterclaim for patent infringement against Webex on October 14, 2005. Both parties sought monetary compensation as well as an order prohibiting further conduct that they believed to be patent infringements. [23] On March 31, 2006, the parties consented to the blogs dismissal of both legal proceedings, the release of past-infringement claims, the payment of related damages, and cross-licensing of one another’s patents. Webex received $1,000,000 from Raindance as a result of the deal.

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