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Cisco Systems Company Profile
Cisco Systems is a multinational technology corporation that was founded in December 1984 by Leonard Bosack and his wife Sandy Lerner. Bosack was in charge of the computer science department at Stanford University, while Lerner managed the Graduate School of Business’ computers. Initially, Bosack and Kirk Lougheed continued to work at Stanford on Cisco’s first product, which consisted of precise replicas of Stanford’s “Blue Box” router and a purloined copy of the University’s multiple-protocol router software. Eventually, Stanford licensed the router software and two computer boards to Cisco.
Greg Satz, a programmer, and Richard Troiano, who managed sales, completed the early Cisco team alongside Bosack, Lerner, and Lougheed. In 1988, John Morgridge became the company’s CEO, and the name “Cisco” was derived from the city name, San Francisco. The company’s engineers insisted on using the lowercase “cisco” in its early years, and the emblem is meant to depict both towers of the Golden Gate Bridge.
On February 16, 1990, Cisco Systems went public with a market capitalization of $224 million and was listed on the NASDAQ stock exchange. Although Cisco wasn’t the first company to develop and sell dedicated network nodes, it was one of the first to sell commercially successful routers supporting multiple network protocols.
Cisco’s early devices had a CPU-based structure coupled with flexibility of operating system IOS, which allowed for keeping up with evolving technology needs through regular software upgrades. Some popular versions of that time, including Cisco 2500, managed to remain in production for nearly a decade essentially unchanged.
Throughout the 1990s, Cisco captured the emerging service provider environment by entering the SP marketplace with new, high-capacity product lines, such as the Cisco 7000 and Cisco 8500. Between 1992 and 1994, Cisco acquired several businesses in Ethernet switching, including Kalpana, Grand Junction, and most notably, Mario Mazzola’s Crescendo Communications, which collectively formed the Trigger business unit.
In 2015, Cisco announced the divestment of its television set-top-box and cable modem business to Technicolor SA for $600 million, as part of its gradual departure from the consumer marketplace. Instead, Cisco’s new leaders aimed to concentrate on cloud-based products in business sections.
In November 2015, Cisco, alongside ARM Holdings, Dell, Intel, Microsoft, and Princeton University, founded the OpenFog Association to boost interests and development in fog computing. Cisco Sr. Managing Director Helder Antunes became the association’s first chairman.
In January 2016, Cisco invested in VeloCloud, a software-defined WAN (SD WAN) start-up with a cloud offering for configuring and optimizing branch office networks. Cisco was one of two strategic investors. Today, Cisco remains a major player in the technology industry, providing a range of networking hardware, software, and services to businesses worldwide.
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Note: For those who wants to know about the salary offered by the company, it always depend on your qualification and position that you applied.
