WebEx to buy Intranets.com

WebEx Communications will acquire privately held Intranets.com, an asynchronous collaboration provider for small and medium-size businesses with more than 300,000 paying subscribers and 10,000 corporate sites. WebEx says the move will enable it to offer companies of all sizes a comprehensive, cost-effective, on-demand Web collaboration suite that includes both real-time and asynchronous capabilities.

Intranets.com's integrated suite of on-demand asynchronous collaboration tools for team collaboration, project management and partner coordination include secure document sharing, group scheduling, task management, database applications, discussion forums and contact directories.

Under the terms of the agreement, WebEx will pay approximately $45 million in cash, subject to certain adjustments. Intranets.com will become a wholly owned subsidiary of WebEx.