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SAN FRANCISCO (dpa-AFX) - Cisco (CSCO) said that it plans to acquire privately-held, U.S.-based Socio Labs, a modern event technology platform that provides event organizers with everything they
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Cisco to buy event platform Socio Labs Wednesday 12 May 2021 | 16:50 CET | News Cisco has agreed to acquire Socio Labs, a privately held company in the US with a tech platform for event organisers that provides the tools necessary to host in-person, virtual or hybrid events of any size and format. Cisco said the buy will broaden its own Webex Events beyond meetings, webinars and webcasts, to also include large-scale, multi-session hybrid events and conferences. The service will also be able to provide live streaming, sponsorship, networking and advanced analytics, with continuous engagement before, during and after events, as well as Webex features such as polling, Q&A,
Cisco indicates intent to buy Socio Labs, Sedona Systems
Network giant aims to purchase developer of technology to deliver automation for routed optical networking, and modern event technology platform provider
Share this item with your network: By Published: 12 May 2021 15:46
Cisco has entered into an agreement to buy a routed optical networking technology provider and a virtual platform on which to host virtual events.
In the first case, Cisco has agreed to purchase Sedonasys (Sedona Systems), whose NetFusion technology is said to be market leader for the hierarchical controller (HCO) that enables multi-supplier, multi-domain automation, and software-defined networking. Cisco describes HCO as “the brain” that enables network transformation such as 5G network slicing, routed optical networking, and disaggregation.
Hyundai Motor Company GDR (OTC: HYMTF) among its clients.
The Indianapolis-headquartered company operates a European office out of Istanbul, Turkey, and has clients across 40 countries.
In announcing the acquisition, Cisco stated the union with Socio Labs “will enrich Webex Events beyond meetings, webinars and webcasts to also include large-scale, multi-session hybrid events and conferences. The solution will enable live streaming, sponsorship, networking and advanced analytics, along with continuous engagement before, during and after events as well as Webex features like polling, Q&A, chat and real-time translation.”
Why It Happened: The Socio Labs acquisition follows Cisco’s $730 million acquisitions last December of IMImobile, a British company that provides cloud communications software and services, and Slido, a Slovakian-based audience interaction platform that accommodates more than 7 million participants per month.