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About Cisco Systems
Cisco Systems was founded in December 1984 by Leonard Bosack, who was responsible for the Stanford University computer science department's computers, and his wife Sandy Lerner, who handled the Graduate School of Business' computers. Despite founding Cisco in 1984, Bosack, along with Kirk Lougheed, continued to work at Stanford on Cisco's first product. It consisted of precise replicas of Stanford's "Blue Box" router and a purloined copy of the University's multiple-protocol router software. The software was initially written some years before at Stanford medical school by research engineer William Yeager. Bosack and Lougheed accommodated it into what became the basis for Cisco IOS. On July 11, 1986, Bosack and Lougheed were pressured to step down from Stanford and the university studied filing criminal charges against Cisco and its creators for the larceny of its software, hardware designs and other intellectual properties. In 1987, Stanford licensed the router software and two computer boards to Cisco. Along with Bosack, Lerner and Lougheed, Greg Satz, a programmer, and Richard Troiano, who managed sales, finished the early Cisco team. The company's first CEO was Bill Graves, who held the place from 1987 to 1988. In 1988, John Morgridge was made CEO. The name "Cisco" was derived from the city name, San Francisco, which is why the company's engineers insisted on using the lower case "cisco" in its early years. 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 recorded on the NASDAQ stock exchange. On August 28, 1990, Lerner was fired; upon learning the news, her husband Bosack stepped down in protest. The couple walked away from Cisco with $170 million, 70% of which was consecrated to their own charity. Although Cisco wasn't the first company to develop and sell committed network nodes, it was one of the first to sell commercially successful routers supporting multiple network protocols. Ancient, CPU-based structure of early Cisco devices coupled with flexibility of operating system IOS allowed for keeping up with evolving technology needs by way of regular software upgrades. Some popular versions of that time (including Cisco 2500) managed to remain in production for nearly a decade essentially unchanged—a rarity in high tech business. Although Cisco was firmly rooted in the business environment, the company was fast to capture the emerging service provider environment, entering the SP marketplace with new, high-capacity product lines for example Cisco 7000 and Cisco 8500. Between 1992 and 1994, Cisco got several businesses in Ethernet switching, for example Kalpana, Grand Junction, and most notably, Mario Mazzola's Crescendo Communications which collectively formed the Trigger business unit. At the time, the company imagined level 3 routing and level 2 (Ethernet, Token Ring) changing as complementary functions of distinct intellect and structure—the former was slow and complicated, the latter was quick but straightforward. This doctrine mastered the company's product lines through the 1990s. In 1995, John Morgridge was succeeded by John Chambers.
On July 23, 2015, Cisco announced the divesture of its television set-top-box and cable modem business to Technicolor SA for $600 million, a department initially formed by Cisco's $6.9 billion purchase of Scientific Atlanta. The deal came as part of Cisco's slow departure from the consumer marketplace, and as part of an attempt by Cisco's new leaders to concentrate on cloud-established products in business sections. Cisco indicated that it'd still collaborate with Technicolor on video products. On November 19, 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 given to VeloCloud's $27 million Series C round, headed by March Capital Partners. Cisco is one of two strategic investors.
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Jobs Data as of 2018-04-29 (Cached)