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Credit: Reuters/Albert Gea NEW YORK | Mon Aug 29, 2011 12:01pm EDT NEW YORK (Reuters) - Cisco Systems Inc (CSCO.O) said on Monday that it has bought privately-held firm Versly to expand in collaboration technology aimed at corporate clients looking to make employees work together more easily. Cisco did not say how much it is paying for San Francisco-based Versly, which produces a "plug-in" that expands the capability of Microsoft (MSFT.O) software such as documents, spreadsheets and emails. Collaboration technology is one of five priority areas Cisco is organizing the company around. The network equipment maker estimates that there is a total addressable market of about $45 billion for such technology. Cisco's existing collaboration technology includes online meeting service WebEx. It said that it plans to integrate Versly technology with its own products. Cisco shares rose 29 cents or almost 2 percent to $15.60 in late morning trade on Nasdaq. (Reporting by Sinead Carew; Editing by Tim Dobbyn) Technology Deals Global Deals Review: 2011 Q2 Global Deals Review Hot Stocks Asian Markets Small Business Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) 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