Cisco Systems, Inc. (NASDAQ:CSCO) has announced that they are launching a new cloud computing strategy called CloudVerse. The CloudVerse framework will combine data center operational software and cloud applications.

Cisco Systems, Inc. (NASDAQ:CSCO) has acquired a private San Francisco based company called Versly. Versly has integrated collaboration capabilities within Microsoft Office applications through a plug-in. Versly’s application allows people to collaborate around documents, spreadsheets, presentations, and e-mail.

There are currently more things connected to the internet than there are people living on Earth, according to a Cisco infographic on All Things D. Cisco’s data shows that the internet-connected-things surpassed the Earth’s population in 2008. The “things” connected to the internet include bizarre things like cattle hooked up to wireless censors to monitor their health, as well as the standard computers and phones.

Cisco Systems, Inc. (NASDAQ:CSCO) is being accused of designing a surveillance system that allow the government in China to monitor and suppress the Falun Gong spiritual group according to a lawsuit filed against the networking and voice company. The lawsuit was filed in the Federal District Court for the Northern District of California in San Jose.

Cisco Systems, Inc. (NASDAQ:CSCO) is shutting down the Flip video camera business. Cisco acquired Pure Digital Technologies about two years ago. About 550 employees in the Pure Digital division will be laid off as part of the restructuring. Cisco said that they are planning to keep supporting Flipshare customers that upload media to the web.

The White House has uploaded some images on Flickr of President Barack Obama’s meeting with the tech titans of Silicon Valley. This photo symbolizes how the meeting went. The meeting was about how these executives plan to support entrepreneurship, increase exports, and strengthen the economy. The executives in this picture includes:

President Barack Obama is making a trip to Silicon Valley today and is meeting with some major tech CEOs. The names of the executives that he is meeting was revealed by the L.A. Times. The meeting will be about supporting entrepreneurship, increasing exports, strengthening the economy, etc. Below is the list of people that he is meeting:

Cisco Systems Inc. (NASDAQ:CSCO) is acquiring digital video technology company Inlet Technologies for $95 million. This is Cisco’s way of expanding the router and enterprise telecommuting business. Inlet designs software for video streaming and digital encoding and some of their customers include ABC, HSN, MLB, Microsoft, MTV, NBC, and Yahoo! The deal is expected to close in the first half of 2011.