![]() ![]() According to the Cisco, more than six billion meeting minutes now happen using Webex every month. In 2007, Cisco Systems acquired WebEx for $3.2 billion. When WebEx received its first funding of $25 million in 1999, Iyar was able to implement many of his ideas and strategies for the company and revenues crossed the $1 million mark. After the shift to broadband, the company took off and became a serious competitor in the industry. Low bandwidth presented a significant obstacle at first, and WebEx struggled to even turn a profit. In 1996, they launched WebEx Communications. In the 1990s, he was befriended by Stanford-trained system engineer Min Zhu, who needed help developing and selling his web-conferencing tool. After graduating from the Indian Institute of Technology-Mumbai, he moved to the United States and worked at Intel, Apple Inc., Quarterdeck and Teleos Research. Iyar is descended from Tamil immigrants who had migrated to Mumbai. One of the two pioneers behind WebEx is a savvy salesman and high-tech entrepreneur from India named Subrah S. When WebEx was bought by Cisco Systems in 2007, the cost was $3.2 billion. ![]() Venture capital funding worth $25 million in 1999 helped to expand what is now one of the world’s most-used web-conferencing brands. More than six billion meeting minutes now happen using Webex every month. employment: 37,300 (as part of Cisco Systems), 132 (Moxtra)Īccording to a loyal customer, Iyar is “energetic, sincere and charming, and he doesn’t quit.” Education: Indian Institute of Technology-Mumbaiīusiness: WebEx Communications, Inc. ![]()
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