In latest acquisition, Cisco buys vulnerability analytics startup Kenna Security
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Announcing its third startup acquisition in a week, Cisco Systems Inc. today revealed plans to buy Kenna Security Inc., whose software helps enterprises fix security vulnerabilities in their systems.
Kenna previously raised $98.3 million from investors including Citi Ventures. The startup counts the Bank of Hawaii Corp. and Deloitte Ltd among its customers.
By buying Kenna, Cisco will obtain the startup’s Kenna.VM software, which reduces companies’ attack surface by helping their cybersecurity teams prioritize their work more efficiently. In an enterprise with thousands of systems, there can be dozens of security issues at any given time, from minor configuration problems with a low risk of facilitating a breach to urgent exploits. Kenna’s software points out the most severe vulnerabilities so administrators can prioritize accordingly and fix them first.
by Javed Khan, Cisco May 13, 2021 .
Editor’s note: Javed Khan is Senior Vice President and General Manager of Cisco Collaboration. Cisco, which operates one of its largest corporate campuses in Research Triangle Park. He is writing about Cisco’s decision to acquire Socio Labs in a deal announcfed Wednesday. Financial terms were not disclosed.
SAN JOSE – There’s no question the pandemic has forever changed how the world works, accelerating digital transformations and putting a spotlight on solutions that enable productive and inclusive remote work experiences. This dynamic has been profoundly apparent in the event space; when in-person participation came to a halt, event planners were forced to adopt a virtual-only format. Now, as the recovery continues, the hybrid event model – one that combines the high engagement of an in-person event with the reach of a virtual event – is emerging as the new norm.
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
Cisco to acquire Indy startup Socio to bring hybrid events to Webex
Cisco announced this morning that it intends to acquire Indianapolis-based startup Socio, which helps plan hybrid in-person and virtual events. The two companies did not share the purchase price.
Socio provides a missing hybrid event management component for the company to add to its Webex platform. The goal appears to be to combine this with the recent purchase of Slido and transform Webex from an application mostly for video meetings into a more comprehensive event platform.
“As part of Cisco Webex’s vision to deliver inclusive, engaging and intelligent meeting and event experiences, the acquisition of Socio Labs complements Cisco’s recent acquisition of Slido, an industry-leading audience engagement tool, which together will create a comprehensive, cost-effective and easy-to-use event management solution [ … ],” the company explained in a statement.