Cisco launches a global rebranding campaign for the first time in six years with its "TOMORROW starts here" and "Internet of Everything" advertising campaigns. These efforts were designed to position Cisco for the next ten years into a global leader in connecting the previously unconnected and facilitate the IP address connectivity of people, data, processes and things through cloud computing applications and services.
On July 23, 2013, Cisco Systems announced a definitive agreement to acquire Sourcefire for $2.9 billion.
On August 14, 2013, Cisco Systems announced it is going to cut 4,000 jobs, which is roughly 8% of the company, starting in 2014.
Cisco is opening an Internet of Everything research centre in Toronto, Ontario.
In April, 2014, Cisco Systems announced $180 Million to fund early-stage firms around the globe to focus on the Internet of Everything. The investment fund was allocated to investments in IoT accelerators and startups such as The Alchemist Accelerator, Ayla Networks and EVRYTHNG. After the announcement, The Alchemist Accelerator announced Cisco as a strategic partner and launched an individual program specifically focused on advancing the growth of IoT startups. This new funding increased Cisco Investments' thematic investing to $250 million total, adding to the previously announced $100 million commitment to startups focused on the emerging Internet of Everything (IoE) market opportunity.
At the end of 2013, Cisco announced poor revenue due to depressed sales in emerging markets, caused by economic uncertainty and by fears of the National Security Agency planting backdoors in its products.
On August 13, 2014, the company announced it was laying off another 6,000 workers or 8% of its global workforce, as part of a second restructuring.
On May 4, 2015 Cisco announced CEO and Chairman John Chambers would step down as CEO on July 26, 2015 but remain Chairman. Chuck Robbins, Senior Vice President of Worldwide Sales & Operations and 17-year Cisco veteran, will become CEO.
On July 23, 2013, Cisco Systems announced a definitive agreement to acquire Sourcefire for $2.9 billion.
On August 14, 2013, Cisco Systems announced it is going to cut 4,000 jobs, which is roughly 8% of the company, starting in 2014.
Cisco is opening an Internet of Everything research centre in Toronto, Ontario.
In April, 2014, Cisco Systems announced $180 Million to fund early-stage firms around the globe to focus on the Internet of Everything. The investment fund was allocated to investments in IoT accelerators and startups such as The Alchemist Accelerator, Ayla Networks and EVRYTHNG. After the announcement, The Alchemist Accelerator announced Cisco as a strategic partner and launched an individual program specifically focused on advancing the growth of IoT startups. This new funding increased Cisco Investments' thematic investing to $250 million total, adding to the previously announced $100 million commitment to startups focused on the emerging Internet of Everything (IoE) market opportunity.
At the end of 2013, Cisco announced poor revenue due to depressed sales in emerging markets, caused by economic uncertainty and by fears of the National Security Agency planting backdoors in its products.
On August 13, 2014, the company announced it was laying off another 6,000 workers or 8% of its global workforce, as part of a second restructuring.
On May 4, 2015 Cisco announced CEO and Chairman John Chambers would step down as CEO on July 26, 2015 but remain Chairman. Chuck Robbins, Senior Vice President of Worldwide Sales & Operations and 17-year Cisco veteran, will become CEO.
Cisco Systems, Inc. is an American multinational technology company headquartered in San Jose, California, that designs, manufactures, and sells networking equipment.
CISCO is the worldwide leader in networking for the Internet.80 percent of Internet traffic travel across Cisco's systems, and it supports, manages and operates business systems for various and major third parties.
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