Cisco Acquires Acano for Next-gen Conferecing Infrastructure
Today Cisco announced its intent to acquire startup conferencing and collaboration competitor Acano for $700 million.http://blogs.cisco.com/news/cisco-collaboration-news... Its a high price given our estimates of Acano's annual run rate. But Cisco takes out a rival that has been seeing notable attention and success among enterprises and service providers looking for next-gen collab services. That said, this is primarily a technology acquisition Cisco's part.
What will be the domino impact on the market? How will the likes of Polycom and Pexip respond?