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Cisco Closes Acquisition of Socio Labs

Cisco Closes Acquisition of Socio Labs
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In latest acquisition, Cisco buys vulnerability analytics startup Kenna Security


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 the ....

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Cisco exec: Next generation of events will be hybrid – why we are acquiring Socio Labs


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. ....

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Cisco acquires Socio Labs to bolster Webex's online event capabilities


Cisco acquires Socio Labs to bolster Webex’s online event capabilities
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Cisco Systems Inc. today announced plans to acquire Socio Labs Inc., a venture-backed startup that provides software for organizing virtual conferences and managing related tasks such as ticket sales. 
The deal is expected to close by July 25. Cisco plans to use Socio Labs’ software to enhance its Webex videoconferencing service’s features for hosting online events.
In the bigger picture, the deal will also advance the network equipment maker’s ongoing effort to make software and subscriptions a larger part of its business. 
Since launching in 2016, Socio Labs has built up a customer base that includes the likes of Google LLC, Microsoft Corp. and Stanford University, among other big names. The startup’s platform is marketed as a one-stop-shop toolkit that allows event teams to manage the core aspects of organizing a virtual conference in one place. ....

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