Cisco said Thursday that it's buying collaboration apps vendor WebEx for $3.2 billion. Cisco Systems Inc. continued its push into the unified communications and collaboration space Thursday, agreeing to buy WebEx, an on-demand collaboration apps vendor, for $3.2 billion. In a statement, Cisco said it will pay $57 a share for WebEx and hopes to use the WebEx technologyt and services portfolio to complement its own unified communications and collaboration products. WebEx will also give Cisco a toe hold in the SMB market, according to Charlie Giancarlo, Chief Development Officer at Cisco.“As collaboration in the workplace becomes increasingly important, companies are looking for rich communications tools to help them work more effectively and efficiently. The combination of Cisco and WebEx will deliver compelling solutions accelerating this next wave of business communications,” Giancarlo said. Stay tuned…. Technology Industry