fewer than 100 employees. It acquired the ability to offer online collaboration tools such as discussion forums, document sharing and calendaring while Intranets.com provided access to the Webex communications environment for its customers. On March 15, 2007, Cisco Systems announced it would acquire WebEx for $3.2 billion. Cisco has said that its long-term plan is to absorb WebEx at both a technology and a sales level. In October 2020, Cisco acquired BabbleLabs. In February 2021, Cisco acquired imimobile, a provider of communications platform as a service (CPaaS) solutions for its Webex collaboration portfolio imimobile. Legal proceedings and inquiries Goldman Sachs securities fraud investigation As a result of a securities fraud investigation initiated by the SEC and by various state Attorney General offices, Goldman Sachs faced charges of issuing unfair research, including coverage of WebEx, and IPO violations for the period 1999 to 2001. Webex management allegedly dictated to Goldman Sachs analysts what the research should and should not include. Webex maintains the management's information was accurate. Another charge accuses Goldman Sachs of violating securities law in its allocation of shares in WebEx's initial public offering. Raindance lawsuit for patent infringement On September 27, 2005, Webex sued Raindance Communications, Inc., a competitor, for patent infringement. On October 14, 2005, Raindance filed a countersuit against Webex for patent infringement. Both parties sought both damages and an injunction enjoining further acts they claim to be infringing on patents. On March 31, 2006, the parties agreed to the dismissal of both actions, releases of claims for past infringement, payments associated with those releases, and cross-licenses to each other's patents. The agreement resulted in Webex receiving 1 million dollars from Raindance. See also Collaborative software Comparison of web conferencing software Comparison of remote desktop software Zoom (software) References External links 1995 establishments in California 1995 establishments in the United States 2007 mergers and acquisitions American companies established in 1995 Cisco software Cisco Systems acquisitions Companies based in Santa Clara, California Companies established in 1995 Internet properties established in 1995 Professional networks Remote administration software Software companies based in the San Francisco Bay Area Software companies established in 1995 Software companies of the United States Telecommunications companies established in 1995 Videotelephony Web conferencing