Exclusive: Cisco Issues Response to SalesCrunch’s $1 Bid for WebExBy: Abby Johnson - March 23, 2012
As WebProNews previously reported, SalesCrunch has made an offer to Cisco to buy its web conferencing platform WebEx for $1 plus equity. SalesCrunch is primarily after WebEx’s userbase but believes the two companies “make sense.”
Check out our recent interview with SalesCrunch CEO and Founder Sean Black for all the details of the offer:
Although Black and SalesCrunch are confident that talks with Cisco will ensue, the networking giant indicates otherwise. In a statement released to WPN, Cisco said:
“This is a cute publicity stunt from SalesCrunch, and we appreciate that they like our technology, but we have no intention of selling Webex.”
There has been speculation around Cisco killing WebEx after its announcement last year that it would be making cuts and focusing on its core business. The rumors escalated after it cut more than 500 employees and killed both Flip and Umi Telepresence.
However, given Cisco’s response, it doesn’t appear that it has the same plan for WebEx, which is bad news for SalesCrunch.