{"id":510843,"date":"2021-07-08T08:04:35","date_gmt":"2021-07-08T12:04:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cisco-completes-acquisition-of-socio-labs\/"},"modified":"2021-07-08T08:04:35","modified_gmt":"2021-07-08T12:04:35","slug":"cisco-completes-acquisition-of-socio-labs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cisco-completes-acquisition-of-socio-labs\/","title":{"rendered":"Cisco Completes Acquisition of Socio Labs"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">News Summary:<\/h2>\n<h2 class=\"xn-hedline\">&#8211; Cisco completes acquisition of Socio Labs, Inc. to expand Webex offerings beyond meetings, webinars and webcasts to include conferences and power the future of hybrid events.<\/h2>\n<h2 class=\"xn-hedline\">&#8211; Socio Labs&#8217; hybrid event management platform is expected to be seamlessly integrated into the Webex Suite soon.<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SAN JOSE, Calif.<\/span>, <span class=\"xn-chron\">July 8, 2021<\/span> \/PRNewswire\/ &#8212; Cisco (NASDAQ: CSCO) today announced the completion of the acquisition of privately-held, U.S.-based Socio Labs, Inc. Socio is a modern event technology platform that manages the full lifecycle of multi-session, multi-track virtual, in-person and hybrid conferences \u2013 from registration to post-event analytics.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/813707\/Cisco_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/813707\/Cisco_Logo.jpg\" title=\"Cisco Logo (PRNewsfoto\/Cisco)\" alt=\"Cisco Logo (PRNewsfoto\/Cisco)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>By adding Socio Labs to its Webex portfolio, Cisco will provide event organizers a single platform with everything they need to successfully host nearly any type of event imaginable. Benefits include the ability to create:\u00a0<\/p>\n<ul type=\"disc\">\n<li>Equally inclusive experiences for both in-person and virtual attendees during events of any type, size and format<\/li>\n<li>Highly customizable branded registration and ticketing experiences, dynamic ads, customized profiles and sponsor booths including gamification and lead generation components<\/li>\n<li>Actionable data about event attendees, sponsors, exhibitors and more, offering deeper insight into attendee interests<\/li>\n<li>Always-on, continuous engagement with attendees across multiple events, leveraging data about their virtual and in-person event behaviors and preferences to build personalized journeys<\/li>\n<\/ul>\n<p>&#8220;Being able to offer novel, refreshing and inclusive experiences for all attendees \u2013 whether in person or virtual \u2013 is paramount in today&#8217;s new era of hybrid events,&#8221; said <span class=\"xn-person\">Jeetu Patel<\/span>, executive vice president and general manager, Cisco Security and Collaboration. &#8220;The acquisition of Socio Labs is another example of how Cisco is rapidly addressing the evolving needs of our Webex customers and continuing to execute on our vision of providing the most seamless, inclusive, engaging and intelligent platform for meetings and events.&#8221;<\/p>\n<p>&#8220;Cisco shares in our commitment to creating technology that drives authentic connections and personalized experiences, which is one of the many reasons why joining forces with Cisco is great for our team and our customers,&#8221; said Yarkin Sakucoglu, Socio Labs co-founder and CEO. &#8220;Together, we will be able to accelerate this mission and continue building the best event technology platform for the hybrid future of events.&#8221;<\/p>\n<p>The Socio Labs team joins Cisco&#8217;s Collaboration Group.<\/p>\n<p>\n        <b>About Cisco<br \/><\/b>Cisco (NASDAQ: CSCO) is the worldwide leader\u00a0in technology\u00a0that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams\u00a0for a global and inclusive future. Discover more on\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3219224-1&amp;h=1087830076&amp;u=https%3A%2F%2Fnewsroom.cisco.com%2F&amp;a=The+Network\" target=\"_blank\" rel=\"nofollow noopener\">The Network<\/a>\u00a0and follow us on Twitter at\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3219224-1&amp;h=4003022560&amp;u=https%3A%2F%2Ftwitter.com%2FCisco&amp;a=%40Cisco\" target=\"_blank\" rel=\"nofollow noopener\">@Cisco<\/a>.<\/p>\n<p>\n        <b>About Webex by Cisco<br \/><\/b>Webex is a leading provider of cloud-based collaboration solutions which includes video meetings, calling, messaging, events, customer experience solutions like contact center and purpose-built collaboration devices. At Webex, we start with people and their experiences first. This focus on delivering inclusive collaboration experiences fuels our innovation, which leverages AI and Machine Learning, to remove the barriers of geography, language, personality and familiarity with technology. Our solutions are underpinned with security and privacy by design. We work with the world&#8217;s leading business and productivity apps \u2013 delivered through a single application and interface. Learn more at\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3219224-1&amp;h=393805716&amp;u=https%3A%2F%2Fwebex.com%2F&amp;a=webex.com\" target=\"_blank\" rel=\"nofollow noopener\">webex.com<\/a>.<\/p>\n<p>\n        <b>Forward-Looking Statements<br \/><\/b>This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the acquisition enabling the expansion of Webex offerings, the expected benefits to Cisco and its customers from completing the acquisition, and plans regarding Socio Labs, Inc. personnel. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due a variety of factors, including, among other things,\u00a0 the potential impact on the business of Socio Labs, Inc. due to the uncertainty about the acquisition, the retention of employees of Socio Labs, Inc. and the ability of Cisco to successfully integrate Socio Labs, Inc. and to achieve expected benefits, business and economic conditions and growth trends in the networking industry, customer markets and various geographic regions, global economic conditions and uncertainties in the geopolitical environment and other risk factors set forth in Cisco&#8217;s most recent reports on Form 10-K and Form 10-Q. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.<\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF34277&amp;sd=2021-07-08\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/cisco-completes-acquisition-of-socio-labs-301327416.html\">https:\/\/www.prnewswire.com\/news-releases\/cisco-completes-acquisition-of-socio-labs-301327416.html<\/a><\/p>\n<p>SOURCE  Cisco Systems, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF34277&amp;Transmission_Id=202107080800PR_NEWS_USPR_____SF34277&amp;DateId=20210708\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News Summary: &#8211; Cisco completes acquisition of Socio Labs, Inc. to expand Webex offerings beyond meetings, webinars and webcasts to include conferences and power the future of hybrid events. &#8211; Socio Labs&#8217; hybrid event management platform is expected to be seamlessly integrated into the Webex Suite soon. PR Newswire SAN JOSE, Calif., July 8, 2021 \/PRNewswire\/ &#8212; Cisco (NASDAQ: CSCO) today announced the completion of the acquisition of privately-held, U.S.-based Socio Labs, Inc. Socio is a modern event technology platform that manages the full lifecycle of multi-session, multi-track virtual, in-person and hybrid conferences \u2013 from registration to post-event analytics. By adding Socio Labs to its Webex portfolio, Cisco will provide event organizers a single platform with everything they need to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cisco-completes-acquisition-of-socio-labs\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cisco Completes Acquisition of Socio Labs&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-510843","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cisco Completes Acquisition of Socio Labs - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cisco-completes-acquisition-of-socio-labs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cisco Completes Acquisition of Socio Labs - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"News Summary: &#8211; Cisco completes acquisition of Socio Labs, Inc. to expand Webex offerings beyond meetings, webinars and webcasts to include conferences and power the future of hybrid events. &#8211; Socio Labs&#8217; hybrid event management platform is expected to be seamlessly integrated into the Webex Suite soon. PR Newswire SAN JOSE, Calif., July 8, 2021 \/PRNewswire\/ &#8212; Cisco (NASDAQ: CSCO) today announced the completion of the acquisition of privately-held, U.S.-based Socio Labs, Inc. Socio is a modern event technology platform that manages the full lifecycle of multi-session, multi-track virtual, in-person and hybrid conferences \u2013 from registration to post-event analytics. 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PR Newswire SAN JOSE, Calif., July 8, 2021 \/PRNewswire\/ &#8212; Cisco (NASDAQ: CSCO) today announced the completion of the acquisition of privately-held, U.S.-based Socio Labs, Inc. Socio is a modern event technology platform that manages the full lifecycle of multi-session, multi-track virtual, in-person and hybrid conferences \u2013 from registration to post-event analytics. 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