Fergie's Tech Blog

WebEx to buy Intranets.com for $45 million

Stacy Cowley writes in InfoWorld:

WebEx Communications Inc. said Monday it has agreed to buy collaboration software developer Intranets.com Inc. for $45 million in cash. The deal allows WebEx to take out a rival that had aggressively chased the smaller end of WebEx's core market, Web conferencing services.

WebEx President Bill Heil said WebEx plans to preserve Intranets.com's products and pricing. "Our strategy is to aggressively go after the small business market," he said. "We think that takes lower price points as a fundamental thing, and a software-as-a-service strategy."

Nine-year-old Intranets.com, based in Burlington, Massachusetts, cycled through a variety of business models as it rode the dot-com boom and bust. The company offers corporate collaboration applications such as document management, database, group calendar and scheduling tools, priced on a monthly subscription basis. Its target market is small businesses with as many as 100 employees, the kinds of organizations that have outgrown ad-hoc solutions but don't want the complexity and expense of enterprise collaboration software.

posted by Fergie @ 8/01/2005 04:05:00 PM