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74 Facts About Cisco
Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products.
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Cisco is one of the largest technology companies in the world ranking 74 on the Fortune 100 with over $51 billion in revenue and nearly 80, 000 employees.
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Classical, CPU-based architecture of early Cisco devices coupled with flexibility of operating system IOS allowed for keeping up with evolving technology needs by means of frequent software upgrades.
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Cisco introduced products ranging from modem access shelves to core GSR routers, making them a major player in the market.
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In 2004, Cisco started the migration to new high-end hardware CRS-1 and software architecture IOS XR.
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Cisco expanded into new markets by acquisition—one example being a 2009 purchase of mobile specialist Starent Networks.
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Cisco cut around 3, 000 employees with an early-retirement program who accepted a buyout and planned to eliminate as many as 10, 000 jobs.
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On July 24, 2012, Cisco received approval from the EU to acquire NDS for US$5 billion.
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On May 4, 2015, Cisco announced CEO and Chairman John Chambers would step down as CEO on July 26, 2015, but remain chairman.
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On July 23, 2015, Cisco announced the divestiture of its television set-top-box and cable modem business to Technicolor SA for $600 million, a division originally formed by Cisco's $6.
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Cisco indicated that it would still collaborate with Technicolor on video products.
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In January 2016, Cisco invested in VeloCloud, a software-defined WAN start-up with a cloud offering for configuring and optimizing branch office networks.
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In February 2017, Cisco launched a cloud-based secure internet gateway, called Cisco Umbrella, to provide safe internet access to users who do not use their corporate networks or VPNs to connect to remote data centers.
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On May 1, 2018, Cisco Systems agreed to buy AI-driven business intelligence startup Accompany for $270 million.
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In 2019, Cisco acquired CloudCherry, a customer experience management company, and Voicea, an artificial intelligence company.
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Cisco's shares traded at over $43 per share, and its market capitalization was valued at US$213.
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Cisco used this money it was able to bring back at a lower tax rate to fund share buybacks and acquisitions.
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Cisco acquired a variety of companies to spin products and talent into the company.
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Several acquired companies have grown into $1Bn+ business units for Cisco, including LAN switching, Enterprise Voice over Internet Protocol platform Webex and home networking.
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The latter came as result of Cisco acquiring Linksys in 2003 and in 2010 was supplemented with new product line dubbed Cisco Valet.
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Cisco announced on January 12, 2005, that it would acquire Airespace for US$450 million to reinforce the wireless controller product lines.
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Cisco announced on January 4, 2007, that it would buy IronPort in a deal valued at US$830 million and completed the acquisition on June 25, 2007.
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Cisco announced on March 15, 2012, that it would acquire NDS Group for $5bn.
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In more recent merger deals, Cisco bought Starent Networks and Moto Development Group, a product design consulting firm that helped develop Cisco's Flip video camera.
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In March 2011, Cisco completed the acquisition of privately held network configuration and change management software company Pari Networks.
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In January 2013, Cisco Systems acquired Israeli software maker Intucell for around $475 million in cash, a move to expand its mobile network management offerings.
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Cisco acquired SolveDirect in March 2013 and Ubiquisys (mobile software) in April 2013.
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On June 16, 2014, Cisco announced that it has completed the acquisition of ThreatGRID, a company that provided dynamic malware analysis and threat intelligence technology.
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On June 17, 2014, 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.
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On May 7, 2015, Cisco announced plans to buy Tropo, a cloud API platform that simplifies the addition of real-time communications and collaboration capabilities within applications.
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On June 30, 2015, Cisco acquired privately held OpenDNS, the company best known for its DNS service that adds a level of security by monitoring domain name requests.
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On September 30, 2015, 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.
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On October 27, 2015, Cisco announced that it would acquire Lancope, a company that focuses on detecting threat activity, for $452.
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On June 28, 2016, Cisco announced its intent to acquire CloudLock, a privately held cloud security company founded in 2011 by three Israeli military veterans, for $293 million.
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Cisco already owns an undisclosed stake in the hyper-converged provider.
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In January 2017, Cisco announced they would acquire AppDynamics, a company that monitors application performance, for $3.
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On October 23, 2017, Cisco Systems announced it would be acquiring Broadsoft for $1.
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On October 1, 2020, Cisco announced that it would be acquiring Israeli startup Portshift for a reported $100 million.
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On December 7, 2020, Cisco announced the acquisition of U K based IMImobile in a $730M deal.
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Cisco is headquartered in San Jose, California at 170 West Tasman Dr with dozens of buildings comprising its corporate campus.
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Cisco maintains over 200 corporate offices in more than 80 countries.
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In July 2021, Cisco announced all employees the option to work remotely on a permanent basis.
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Cisco provides IT products and services across five major technology areas: Networking, Security, Collaboration (including voice, video, and data), Data Center, and the Internet of Things.
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Cisco has grown increasingly popular in the Asia-Pacific region over the last three decades and is the dominant vendor in the Australian market with leadership across all market segments.
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Cisco provides training for these certifications via a portal called the Cisco Networking Academy.
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Cisco is involved with technical education in 180 countries with its Cisco Academy program.
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Cisco products, including IP phones and Telepresence, have been seen in movies and TV series.
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Cisco was featured in the documentary film Something Ventured which premiered in 2011.
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Cisco ranked number one in Great Place to Work's World's Best Workplaces 2019.
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Class action lawsuit filed on April 20, 2001, accused Cisco of making misleading statements that "were relied on by purchasers of Cisco stock" and of insider trading.
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On May 20, 2009, Cisco settled this lawsuit by complying with FSF licensing terms and making a monetary contribution to the FSF.
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Cisco has been criticized for its involvement in censorship in the People's Republic of China.
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Cisco has stated that it does not customize or develop specialized or unique filtering capabilities to enable governments to block access to information and that it sells the same equipment in China as it sells worldwide.
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In May 2010, 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.
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Cisco settled the antitrust lawsuit two months after Alfred-Adekeye's arrest by making its software updates available to all Multiven customers.
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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.
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In 2020, the Australian Strategic Policy Institute accused at least 82 major brands, including Cisco, of being connected to forced Uyghur labor in Xinjiang.
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