We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 47.38+1.3%3:59 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Eric8/7/2019 4:03:19 PM
   of 77393
Cisco Announces Intent to Acquire Voicea

8:00 AM ET 8/6/19 | PR Newswire

Related Quotes
4:00 PM ET 8/7/19
SymbolLast% Chg
Real time quote.

Unlocking the Power of Data Within Business Conversations to Turn Talk into Action

SAN JOSE, Calif., Aug. 6, 2019 /PRNewswire/ --

News Summary:

-- Cisco intent to acquire Voicea* represents another proof point in Cisco's

continuous commitment to making Webex the collaboration

platform-of-choice for the best employee experience.

-- As part of the Webex portfolio, our first focus is to use Voicea to turn

a simple meeting into a treasure trove of digital meeting notes and

insights, with robust data privacy.

-- Acquisition builds upon Cisco's vision of Cognitive Collaboration, which

slipstreams AI across all interactions to make teams more productive.

Cisco (NASDAQ: CSCO) today announced its intent to acquire privately-held Voicea, headquartered in Mountain View, CA. Voicea is the creator of a market-leading real-time solution that provides meeting transcription, voice search, and meeting highlights/action items, with robust data privacy. It helps teams have more productive and actionable meetings by turning talk into action.

With Voicea technology, Cisco will enhance its Webex portfolio of products with a powerful transcription service that blends AI and Automated Speech Recognition (ASR) to unlock the power of any collaboration, like meetings and calls. Our first focus with Voicea is to turn meetings into a treasure trove of digital meeting notes and insights. Attendees and non-attendees can quickly gather the most relevant information from these digital notes and insights, turning a block of text into actionable information.

Key Facts:

-- This acquisition reflects Cisco's vison of Cognitive Collaboration,

interoperability, and workplace transformation through combining the

power of AI, ML, software, hardware, and the network to remove friction

and get work done faster and smarter.

-- The acquisition is expected to close in the first quarter of Cisco's

fiscal year 2020, subject to customary closing conditions and required

regulatory approvals.

-- Upon completion of the transaction, the Voicea team will join the Webex

portfolio team, led by Sri Srinivasan, Senior Vice President and General

Manager. Read the blog for more details.

-- Cisco collaboration customers include 95 percent of the Fortune 500.

-- More than 130 million people use Webex every month.

-- More than 360 million meetings happen on Webex each year.

"Voicea's true market leading technology will be a game changer for our Webex customers to experience more productive and actionable meetings," said Amy Chang, senior vice president and general manager, Cisco Collaboration. "The acquisition of Voicea allows us to leap past basic transcription services and instead, continue delivering on our vision of AI-driven, Cognitive Collaboration across our entire portfolio."

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide technology leader that has been making the Internet work since 1984. Our people, products, and partners help society securely connect and seize tomorrow's digital opportunity today. Discover more at and follow us on Twitter at @Cisco.

* Rizio Inc., is doing business as Voicea

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at

Press Contact: Industry Analyst Contact: Investor Relations Contact:

Christine Johansen Ben Culp Carol Villazon

+1 (617) 595-8434 +1 (949) 823 3787 +1 (408) 527-6538

View original content to download multimedia:


Web site:
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext