How Big Is Cisco They Have World Largest Cyber Security Business
#cisco #ciscosystems #cybersecurity
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Cisco Systems, American technology company, operating worldwide,
that is best known for its computer networking products. As a company that sold its products
mostly to other businesses, Cisco did not become a household name, but in the second decade of the
21st century it was one of the largest corporations in the United States. Cisco was founded in 1984
and has its headquarters in San Jose, California.
The founders of Cisco Systems were Leonard Bosack and Sandra Lerner, a married couple (later divorced)
who had met while students at Stanford University
In 1985 Cisco sold its first product, a network interface card for Digital Equipment
Corporation’s computers. Its first big success, a router that served multiple network protocols,
came the following year. In need of cash for expansion, the founders turned to a venture capital
firm, Sequoia Capital. Sequoia took effective control of the company in late 1987 and installed
John Morgridge as president and CEO in 1988
In 2006 Cisco introduced TelePresence, an elaboration of videoconferencing that is intended to
allow people in different locations to interact as if they were in the same place. Cisco’s
networking expertise made it a leading provider of products for the Internet of Things, a
concept often credited as having been named at Cisco
How big is Cisco's cybersecurity business?
Cisco's cybersecurity revenue rose 13% annually, to $1.97 billion in fiscal 2016.
Its revenue rose 12%, to $1.6 billion the first nine months of 2017, and it should easily
cross the $2 billion mark when it reports its year-end earnings after the close on Aug. 16.
Cisco mainly grew its cybersecurity business through acquisitions. It bought Cognitive Security,
Sourcefire, and ThreatGRID to beef up its firewalls and threat-detection systems. Acquiring companies
like CloudLock, Lancope, Portcullis, and OpenDNS further enhanced its security capabilities in both
on-premise and cloud-based networks.
The growth of Cisco's cybersecurity business won't offset the sluggish sales of its routers and
switches anytime soon. Nor will it address the looming challenges of generic "white box" hardware
and open-source software.
The Company's Other Products category primarily consists of certain emerging technologies and
other networking products. The Other Products category includes its investment in Internet of
things (IoT), through Jasper Technologies Inc. (Jasper).
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