Socio Labs

Socio Labs is a video conferencing software developer. The company also offers tools for creating web pages for registering participants in events and a menu for buying tickets. The platform allows companies to customize the registration page for the conference in various ways, for example, by adding their corporate brand or offering discounts on tickets to participants if they register earlier.

History

2021: Cisco Bought Socio Labs

May 12, 2021 Cisco announced the acquisition of Socio Labs without indicating the value of the transaction. The development of the purchased startup American technology giant intends to use in its platform. videoconferences Webex

It is also expected that Socio Labs technologies will complement the development of the Slido startup, purchased by Cisco in December 2020. Slido has developed a platform for including interactive content, such as quizzes and surveys, in virtual events. Combining the functions of Socio Labs and Slido into Webex, Cisco hopes to turn the service into a universal virtual platform for managing everything from ticket sales to interaction with conference participants after its holding, reports SiliconANGLE Media.

Cisco acquired Socio Labs

The publication notes that by absorbing Socio Labs, Cisco continues to work to increase the share of software sales and subscriptions in its business. Cisco believes that the development of a startup will make it easier for customers to organize not only Internet, but also hybrid events in which virtual content is combined with live presentations.

By May 2021, Socio Labs clients include Google, Microsoft and Stanford University. In its history, which began in 2016, the company attracted a total of $6.7 million in investments. It is planned to close the sale of Socio Labs by mid-2021.^[1]

Notes