Cisco to Acquire BabbleLabs

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Cisco (NASDAQ: CSCO) is to acquire BabbleLabs, Inc., a Campbell, CA-based unwanted background noise deletion company.

The amount of the deal was not disclosed.

The acquisition is expected to close in the first quarter of Cisco’s FY21, subject to customary closing conditions and required regulatory approvals. Upon completion of the transaction, the BabbleLabs team will join the Cisco Collaboration Group, led by Javed Khan, senior vice president and general manager, which is part of the Cisco Security and Applications Business, led by Jeetu Patel.

Led by Chris Rowen, CEO and co-founder, BabbleLabs uses advanced Artificial Intelligence techniques to distinguish human speech from unwanted noise, enhancing the quality of communications and conferencing applications. BabbleLabs’ solutions distinguish speech from background noise, remove background noise in real-time, and enhance the voice to elevate communication, regardless of language.

With the addition of BabbleLabs, Cisco will bring native noise removal capability to its entire Collaboration portfolio. Initially, Cisco will focus on integrating BabbleLabs to deliver an improved audio experience to Webex Meetings users – wherever they are and however they connect via the Webex application (whether via a conference room or mobile device).  

FinSMEs

02/09/2020

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