Thursday, February 8, 2007

Cisco to Acquire Five Across for Social Networking

Cisco agreed to acquire Five Across, a start-up specializing in social networking software, for an undisclosed sum.

Five Across offers software that lets companies augment their websites with full-featured communities and user-generated content such as audio/video/photo sharing, blogs, podcasts, and profiles. The company was founded in 2003 and has 11 employees in San Francisco.

Cisco said 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.