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In April , Cisco Systems announced funding for early-stage firms to focus on the Internet of Things. The deal came as part of Cisco's gradual exit from the consumer market, and as part of an effort by Cisco's new leadership to focus on cloud-based products in enterprise segments.
Cisco indicated that it would still collaborate with Technicolor on video products. In February , Cisco launched a cloud-based secure internet gateway, called Cisco Umbrella, to provide safe internet access to users who don't use their corporate networks or VPNs to connect to remote data centers.
Low Net Income for fiscal year was attributed to a one time tax charge, that allowed Cisco to bring back capital from overseas. Cisco used this money it was able to bring back at a lower tax rate to fund share buybacks and acquisitions. Cisco acquired a variety of companies to spin products and talent into the company. In — the company completed 11 acquisitions. The latter came as result of Cisco acquiring Linksys in and in was supplemented with new product line dubbed Cisco Valet.
Accordingly, IronPort was integrated into the Cisco Security business unit. SensorBase allows these devices to build a risk profile on IP addresses, therefore allowing risk profiles to be dynamically created on http sites and SMTP email sources. In more recent merger deals, Cisco bought Starent Networks a mobile packet core company and Moto Development Group, a product design consulting firm that helped develop Cisco's Flip video camera.
In March , Cisco completed the acquisition of privately held network configuration and change management software company Pari Networks. Although many buy-ins such as Crescendo Networks in , Tandberg in resulted in acquisition of flagship technology to Cisco, many others have failed—partially or completely. Some of acquired technologies such as Flip from Pure Digital saw their product lines terminated. Cisco also acquired SolveDirect cloud services in March  and Ubiquisys mobile software in April Cisco acquired cyber-security firm Sourcefire , in October On June 17, , Cisco announced its intent to acquire privately held Tail-f Systems, a leader in multi-vendor network service orchestration solutions for traditional and virtualized networks.
On April 2, , Cisco announced plans to buy Embrane, a software-defined networking startup. The deal will give Cisco Embrane's software platform, which provides layer 3—7 network services for things such as firewalls, VPN termination, server load balancers and SSL offload.
On May 7, Cisco announced plans to buy Tropo, a cloud API platform that simplifies the addition of real-time communications and collaboration capabilities within applications. On August 6, , Cisco announced that it has completed the acquisition of privately held MaintenanceNet, the US-based company best known for its cloud-based contract management platform ServiceExchange. On September 30, , Cisco announced its intent to acquire privately held Portcullis Computer Security, a UK-based company that provides cybersecurity services to enterprise clients and the government sectors.
On October 26, , Cisco announced its intent to acquire ParStream, a privately held company based in Cologne, Germany, that provides an analytics database that allows companies to analyze large amounts of data and store it in near real time anywhere in the network. In August , Cisco announced it is getting closer to making a deal to acquire Springpath, the startup whose technology is used in Cisco's HyperFlex Systems.
Cisco already owns an undisclosed stake in the hyper-converged provider. One January 26, , Cisco founded the Innovation Alliance in Germany with eleven other companies bringing together 40 sites and 2, staff to provide small businesses in Germany with expertise.
Cisco's products and services focus upon three market segments—enterprise and service provider, small business and the home. Cisco has grown increasingly popular in the Asia-Pacific region over the last three decades [ when? Cisco became a major provider of Voice over IP to enterprises and is now moving into the home user market through its acquisitions of Scientific Atlanta and Linksys.
They can become fully operational within 15 minutes of arrival. High-capacity diesel fuel-tanks allow the largest vehicles to run for up to 72 hours continuously.
The Tactical Operations team maintains and deploys smaller, more portable communication kits to emergencies outside of North America. In , the team deployed to assist in earthquake recovery in Haiti and in Christchurch New Zealand.
In , they deployed to flooding in Brazil, as well as in response to the earthquake and tsunami in Japan. In , Cisco received the Innovation Preparedness award from the American Red Cross Silicon Valley Chapter for its development and use of these vehicles in disasters. Cisco Systems also sponsors a line of IT professional certifications for Cisco products. Cisco also provides training for these certifications via a portal called the Cisco Networking Academy.
Cisco often finds itself involved with technical education. With over 10, partnerships in over 65 countries  Cisco Academy program operates in many exotic locations. For example, in March , Cisco announced its interest in Myanmar by investing in two Cisco Networking Academies in Yangon and Mandalay and a channel partner network.
Cisco was a —03 recipient of the Ron Brown Award ,   a U. According to a report by technology consulting firm LexInnova , Cisco was one of the leading recipients of network security-related patents with the largest portfolio within other companies 6, security-related patents in A class action lawsuit filed on April 20, , accused Cisco of making misleading statements that "were relied on by purchasers of Cisco stock" and of insider trading.
Cisco has been criticized for its involvement in censorship in the People's Republic of China. Wired News had uncovered a leaked, confidential Cisco PowerPoint presentation that detailed the commercial opportunities of the Golden Shield Project of Internet control. In October , employees of Cisco's Brazilian unit were arrested on charges that they had imported equipment without paying import duties. In response, Cisco stated that they do not import directly into Brazil, and instead use middlemen.
In May , Cisco accused the person who filed the antitrust suit, British-Nigerian technology entrepreneur Peter Alfred-Adekeye , with hacking and pressured the US government to extradite him from Canada. Cisco settled the antitrust lawsuit two months after Alfred-Adekeye's arrest by making its software updates available to all Multiven customers. Cisco's Linksys E, E, E devices have been reported to be remotely updated to a firmware version that forces users to register for a cloud service, allows Cisco to monitor their network use and ultimately shut down the cloud service account and thus render the affected router unusable.
Cisco's Chief Security Officer addressed the allegations publicly and denied working with any government to weaken Cisco products for exploitation or to implement security back doors. Cisco denied the allegations in a customer document  saying that no information was included about specific Cisco products, supply chain intervention or implant techniques, or new security vulnerabilities.
Cisco's general counsel also claimed that Cisco does not work with any government, including the United States Government, to weaken its products. In March Cisco Systems was sued for patent infringement. Officials with Spherix are claiming that a wide range of Cisco products, from switches to routers, infringe on 11 former Nortel patents that the company now owns. From Wikipedia, the free encyclopedia. For other uses, see Cisco disambiguation. Not to be confused with Sysco.
Leonard Bosack Sandy Lerner. CloudLock , a Cisco cloud computing security subsidiary. List of acquisitions by Cisco Systems. List of Cisco products.
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Investment Ideas This is your only hope for investing profitably in the cannabis sector. Investment Ideas What sector overhaul means for tech stocks, Wall Street. Description Cisco Systems, Inc. At Cisco customers come first and an integral part of their DNA is creating long-lasting customer partnerships and working with them to identify their needs and provide solutions that support their success.
The concept of solutions being driven to address specific customer challenges has been with Cisco since its inception. Husband and wife Len Bosack and Sandy Lerner, both working for Stanford University, wanted to email each other from their respective offices located in different buildings but were unable to due to technological shortcomings.
A technology had to be invented to deal with disparate local area protocols; and as a result of solving their challenge - the multi-protocol router was born. Return on Common Equity. StockCalc Reports Download a comprehensive report detailing quantitative analytics of this equity.
Latest Press Releases More Stories. The way people meet continues to evolve, and Park MGM and Cisco are ready to provide that next-level meeting experience in the new 7,square-foot Ideation Studio, the most recent member of elite meetings association IACC. Working with Cisco Systems, Park MGM is the world's first hotel to offer groups Cisco Webex TM Boards and Cisco Webex Teams, providing teams a combined real and virtual meeting space for collaborating, video calling, whiteboarding and sharing notes, files and presentations.
Upon hearing the news, her husband Bosack resigned in protest.
Cisco also provides training for these certifications via a portal called the Cisco Networking Academy.