Cisco invests in Xobni

According to the New York Times, Xobni has received a $7 million of funding from Cisco. This is Cisco's latest venture in to Web 2.0 tools, following Jabber, Postpath, and WebEx.

Collaboration is a key focus of this investment, both between companies and the software that Cisco has been investing in.

“Cisco and Xobni actually share a very similar vision of using collaboration,” said Sandhya Venkatachalam, director of corporate development at Cisco. They both “center the experience around the people one wants to communicate with.”

Read more here.