Cisco Systems is going to acquire privately held Five Across, a vendor in the social networking marketplace.


Cisco Systems is going to acquire privately held Five Across, a vendor in the social networking marketplace.

The Five Across acquisition is subject to various closing conditions and is expected to close by April 28, 2007. The companies have not disclosed the terms of acquisition.

Dan Scheinman, senior vice president and general manager, Cisco Media Solutions Group, said: “Cisco believes the network is the platform for organizations to connect with their constituents and for individuals to connect with each other. With the acquisition of Five Across, Cisco is taking an important step towards helping its customers evolve their website experience into something more relevant and valuable to the end-user”. [source]

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Cisco Press Release

About Cisco

Cisco is the worldwide leader in networking that transforms how people connect, communicate and collaborate.

About Five Across

The Five Across platform, Connect Community Builder, empowers companies to easily augment their websites with full-featured communities and user-generated content such as audio/video/photo sharing, blogs, podcasts, and profiles. These user-interaction functions help companies improve the interaction with their customers and overall customer experience on their websites. Social networking functions are of unique interest to media companies, sports leagues, affinity groups and any organization wishing to increase its interaction with its online constituency.

 

 

 

 

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