News Summary

• Cisco completes acquisition of BabbleLabs to improve video meeting experience with noise removal and speech enhancement technology.
• BabbleLabs technology currently in Cisco customer trials; general availability for Webex Meetings desktops and select Webex Room devices set for October.

SAN JOSE, Calif.– October 1, 2020 – Cisco (NASDAQ: CSCO) today announced the completion of the BabbleLabs acquisition. BabbleLabs’ technology, powered by AI (Artificial Intelligence) and ML (Machine Learning), distinguishes human speech from unwanted noise resulting in enhanced speech quality in communications and conferencing applications.

BabbleLabs’ noise removal technology is currently in Cisco customer trials with general availability for Webex Meetings desktops and select Webex Room devices slated for October, with full portfolio availability to follow. This integration provides Cisco customers access to the most advanced noise removal and speech enhancement technology available today.

Integrating the BabbleLabs’ technology natively across Cisco’s Collaboration portfolio, will deliver a best-in-class 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). The acquisition is part of a focused technology and talent strategy to continue integrating intelligence into the Cisco Webex platform – helping users work smarter and be more productive.

With the acquisition close, BabbleLabs joins the Cisco Collaboration Group, led by Javed Khan, SVP/GM of Cisco Collaboration.

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Forward-Looking Statements

This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the acquisition providing Cisco customers access to the most advanced noise removal and speech enhancement technology available today, the acquisition delivering a best-in-class audio experience to Webex Meetings users, the expected benefits to Cisco and its customers from completing the acquisition, and plans regarding BabbleLabs personnel. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, the potential impact on the business of BabbleLabs due to the uncertainty about the acquisition, the retention of employees of BabbleLabs and the ability of Cisco to successfully integrate BabbleLabs and to achieve expected benefits, business and economic conditions and growth trends in the networking industry, customer markets and various geographic regions, global economic conditions and uncertainties in the geopolitical environment, and other risk factors set forth in Cisco's most recent reports on Form 10-K and Form 10-Q. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.