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Announced

Completed

Cisco completed the acquisition of Socio Labs.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

software provider

Acquisition

Majority

Friendly

Software

Domestic

Private

Single Bidder

Completed

Synopsis

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Cisco, a technology conglomerate, completed the acquisition of Socio Labs, a provider of on-site social commerce solutions. Financial terms were not disclosed. "The future of events, like the future of work, will be hybrid. With that comes increased complexity of creating inclusive experiences, and meaningful and measurable interactions for both virtual and in-person attendees. 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," Jeetu Patel, Cisco Senior VP and General Manager.

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