Cisco acquires Collaborate.com, eyes mobile

Cisco on Tuesday said it has acquired Collaborate.com, a company that develops mobile tools for document sharing, task management and team communication.

In a blog post, the networking giant said the acquisition will help it better navigate mobile collaboration and cloud computing. Collaborate melds with email and third party cloud services for so called "enterprise workstreams."

Cisco said that the acquisition will also allow it to build better mobile collaboration tools. Collaborate.com engineers will fold into Cisco's collaboration technology group, which includes everything from Webex to videoconferencing tools.

Terms of the deal weren't disclosed. Cisco could use some collaboration help. In its fiscal first quarter, collaboration revenue was up 1 percent from a year ago to $1.03 billion. The unit has struggled to grow as the telepresence market has been under fire due to lower cost alternatives.

Cisco recently refreshed its video phone, telepresence and WebEx servers. Cisco has the most market share in the telepresence and Web conferencing market.