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Cisco

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Cisco
NameCisco Systems, Inc.
TypePublic
Traded asNASDAQ: CSCO, S&P 500 component
IndustryComputer networking
Founded10 December 1984 in San Francisco, California, U.S.
FoundersLeonard Bosack, Sandy Lerner
Hq location citySan Jose, California
Hq location countryU.S.
Area servedWorldwide
Key peopleChuck Robbins (Chair & CEO), John T. Chambers (Emeritus)
ProductsNetworking hardware, Telecommunications equipment, Network security, IoT, Video conferencing
Revenue▲ US$57 billion (2023)
Num employees~84,900 (2023)

Cisco. The company is a global leader in computer networking, telecommunications equipment, and network security, foundational to the operation of the modern internet. Founded in 1984, its multiprotocol routers were instrumental in enabling disparate networks to communicate, catalyzing the expansion of the World Wide Web. Today, its portfolio spans enterprise networking, collaboration software, cybersecurity, and the Internet of things, serving a vast array of clients from service providers to multinational corporations.

History

The company was founded in December 1984 by a married couple, Leonard Bosack and Sandy Lerner, who were computer scientists at Stanford University. Their initial goal was to connect disparate departmental networks at Stanford, leading to the development of the first multi-protocol router. With early venture capital from Sequoia Capital's Don Valentine, the firm shipped its first product in 1986. A pivotal moment came in 1990 with a landmark initial public offering on the NASDAQ, and under the subsequent leadership of John Morgridge and then John T. Chambers, it grew rapidly through an aggressive mergers and acquisitions strategy. This period saw transformative purchases like Stratacom in 1996 and Linksys in 2003, expanding its reach from core internet protocol routing into wide area network switching and consumer markets.

Products and services

Its core offerings are built around networking hardware, including routers, switches, and wireless access points, which form the infrastructure for data centers, enterprise networks, and internet service provider backbones. The Catalyst series and Nexus series are flagship switching families. In collaboration, it provides the Webex platform for video conferencing and unified communications. Its security portfolio, under brands like Duo Security and Sourcefire, offers firewalls, malware protection, and zero trust access. Other major segments include observability software via Splunk, IoT management with Meraki, and software-defined networking solutions through the Application Centric Infrastructure.

Corporate affairs

Headquartered in San Jose, California, the corporation is a constituent of the Dow Jones Industrial Average and the S&P 500. Chuck Robbins succeeded John T. Chambers as CEO in 2015 and also serves as Chairman. It operates through several geographic segments, including the Americas, EMEA, and APJC. The company maintains a significant global presence with major research and development facilities worldwide and is known for its Cisco Networking Academy program, a global IT education initiative. Its corporate strategy has long emphasized strategic acquisitions, having completed hundreds, including major deals for Scientific Atlanta and AppDynamics.

Technology and standards

The firm has been fundamentally involved in developing and promoting key internet protocol standards, often through the Internet Engineering Task Force. It was an early pioneer in TCP/IP routing and later in advanced technologies like multiprotocol label switching. Its Cisco IOS operating system software is a ubiquitous platform for network devices. The company has also driven innovations in voice over IP with protocols like Skinny Call Control Protocol, in software-defined networking with the Open Network Environment, and in network automation through platforms like Cisco DNA Center. Its contributions to Ethernet switching and network security architectures have been widely adopted across the industry.

Criticism and controversies

The company has faced several legal and ethical challenges over its history. In the early 2000s, it was criticized for supplying internet protocol routing infrastructure to the People's Republic of China that allegedly facilitated the Golden Shield Project. It has been involved in multiple patent infringement lawsuits with competitors like Huawei and Arista Networks. In 2013, the Edward Snowden disclosures revealed collaboration with the National Security Agency on surveillance programs. More recently, it has faced scrutiny over security vulnerabilities in its products, including a major flaw in Adaptive Security Appliance software in 2018, and has been accused of using planned obsolescence tactics in its hardware licensing models.

Category:Computer networking companies of the United States Category:Companies based in San Jose, California Category:Companies listed on the NASDAQ