Cisco Buys Into Vertical Social-Networking: Five Across
Nicholas Carlson writes on internetnews.com:
Cisco Systems today bought privately held social-networking vendor Five Across, lending a hand to companies wanting to go the user-generated route. The terms of the acquisition were not disclosed.More here.
San Francisco-based Five Across was founded in 2003 by former Apple director of engineering Glenn Reid. The company's first products were aimed at the business instant messaging market, but in a statement Cisco said it bought the company for its Connect Community Builder.
Connect Community Builder is a white-label platform that allows companies to augment their Web sites with communities and user-generated content, such as audio-, video- and photo-sharing, blogs, podcasts and profiles.
Cisco spokesman John Noh told internetnews.com his company made the buy because Five Across's services were relevant to Cisco's core business -- networking.
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