Cisco Systems, San Jose, Calif., announced its intention to acquire privately held Silicon Valley neighbor PostPath, a developer of a server for e-mail and calendar applications based on the open-source Linux operating system for $215 million for all shares of PostPath.
PostPath Server competes with Microsoft Corp.s Exchange server. PostPath products will become part of the Cisco Collaboration Software Group if the deal closes as expected during the first quarter of Ciscos fiscal 2009, according to the company. The companys current fiscal year began on July 27. The acquisition is subject to various standard closing conditions, according to the company.
In a news release, Cisco called the acquisition an extension of its existing software-as-a-service platform that already includes instant messaging, voice, video, data, document management and other so-called Web 2.0 applications. Headquartered in Mountain View, Calif., PostPath, founded in 2003, also has development operations in Sofia, Bulgaria.