{"id":44637,"date":"2021-05-21T08:09:46","date_gmt":"2021-05-21T12:09:46","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=44637"},"modified":"2021-05-21T02:12:09","modified_gmt":"2021-05-21T06:12:09","slug":"cisco-systems-inc-nasdaqcsco-will-take-over-socio-labs-to-support-virtual-events","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/cisco-systems-inc-nasdaqcsco-will-take-over-socio-labs-to-support-virtual-events-44637","title":{"rendered":"Cisco Systems Inc (NASDAQ:CSCO) Will Take Over Socio Labs To Support Virtual Events"},"content":{"rendered":"<p><b>Cisco Systems Inc (NASDAQ:CSCO) <\/b><span style=\"font-weight: 400;\">announced plans to takeover Socio Labs to support virtual and in-person conferences. The company expects to complete the deal in Q4 2021.\u00a0<\/span><\/p>\n<p><b>A comprehensive platform<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Cisco will integrate Socio\u2019s hybrid event management component\u00a0into its Webex platform. The company recently acquired Slido. With the takeover of Socio, Cisco intends to transform Webex into a more comprehensive platform for events than just video conferences.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to a communiqu\u00e9, Cisco plans to deliver engaging, all-inclusive, and intelligent conferences online through its Webex platform besides offering an events\u2019 experience. Combining the hybrid event management component with the Webex platform, the company offers an economical, comprehensive, and easy-to-use management solution.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cisco\u2019s complete solution allows targeting a much wider audience rather than in-person events alone. It expects to maintain the same demand even after the COVID-19 pandemic.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">GM (security and collaboration) and SVP of Cisco, Jeetu Patel, said all the future conferences would be hybrid for enormous events\/ work meetings. The takeover of Socio helps Cisco to expand its Webex platform with end-use cases.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Patel further said the company intends to remove friction in all types of conferences like enormous external events, group meetings, or small teams. A large gathering can hear each one\u2019s voice with the help of Socio in the discussions.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Webex platform is a technology blend that ensures human interactions engaging irrespective of the type of meeting.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CRM Essentials\u2019 principal analyst, Brent Leary, said the takeover of Socio is an intelligent move by Cisco to become a serious player in the virtual landscape.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Leary said people would start venturing out to attend the physical meetings, and hybrid environments play an essential role, with the COVID-19 pandemic almost coming to an end.\u00a0<\/span><\/p>\n<p><b>The customer base of Socio<\/b><\/p>\n<p><span style=\"font-weight: 400;\">According to CrunchBase, Socio is established in 2016 and subsequently raised $7 million for its operations. Its customer base includes Hyundai, PepsiCo, Greenpeace, Jet Blue, Google, and Microsoft.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By combining the tools of Socio, Webex could be a standalone product.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cisco plans to takeover Kenna Security based in California to strengthen its security offerings.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kenna develops and markets telecommunications equipment, networking software\/ hardware, and other high-end products\/ services. Cisco expects to close the deal in Q4 2021.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The cybersecurity company \u2013 Kenna uses data science and ML (Machine Learning) in its vulnerability management technology to predict, track, and identify solutions for security risks.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cisco Systems Inc (NASDAQ:CSCO) announced plans to takeover Socio Labs to support virtual and in-person conferences. The company expects to complete the deal in Q4 [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":43294,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[2112,1701,605,15469],"stock_ticker":[14443],"class_list":["post-44637","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-cisco-systems-inc","tag-cisco-systems-inc-nasdaqcsco","tag-nasdaqcsco","tag-webex","stock_ticker-csco","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cisco Systems Inc (NASDAQ:CSCO) Will Take Over Socio Labs To Support Virtual Events - Wall Street PR<\/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:\/\/cablemanpro.com\/wallstreetpr\/cisco-systems-inc-nasdaqcsco-will-take-over-socio-labs-to-support-virtual-events-44637\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cisco Systems Inc (NASDAQ:CSCO) Will Take Over Socio Labs To Support Virtual Events - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Cisco Systems Inc (NASDAQ:CSCO) announced plans to takeover Socio Labs to support virtual and in-person conferences. 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