Cisco to Buy Event Tech Platform Socio Labs
May 12 2021 - 8:49AM
Dow Jones News
By Allison Prang
Cisco said it is buying event technology platform Socio Labs in
a move that will bolster its Webex Events business.
The company didn't disclose the deal's financial terms in a
statement Wednesday. The deal is expected to close in Cisco's
fourth quarter.
Cisco said the Socio Labs team will become a part of its Webex
customer experience team.
Jeetu Patel, Cisco security and collaboration senior vice
president and general manager, said that the "future of
events...will be hybrid."
"Socio Labs offers Webex powerful technology to provide
customers with an unparalleled hybrid event management solution to
engage participants whether they join in person or virtually," he
said.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
May 12, 2021 08:34 ET (12:34 GMT)
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