Cisco Systems, Inc. (NASDAQ:CSCO) has acquired Metacloud, a startup that delivers “an amazing public cloud experience, privately.” Metacloud offers OpenStack as a service that lets customers operate it as a public cloud.
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Salesforce.com CEO Marc Benioff will be leaving the board of directors at Cisco Systems, Inc. (NASDAQ:CSCO) on November 20th, according to regulatory filings. Benioff joined the Cisco board of directors in the summer of 2012. The filing said that Benioff decided to leave the board.
Cisco Systems, Inc. (CSCO): Cisco Investments announces allocation of $40M for early-stage Indian startups
Cisco Investments, the venture capital arm of Cisco Systems, Inc. (NASDAQ:CSCO), has announced the additional allocation of $40 million to fund early-stage companies in India under the ‘India Innovation’ theme.
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Cisco Systems, Inc. (NASDAQ:CSCO) has reported that its revenue in the latest period, which ended on April 26th, declined 5.5% to $11.5 billion. The rising data traffic from smartphones and tablets drove the demand for networking equipment and the company cut costs. This beats average analysts estimates for $11.4 billion, according to Bloomberg. The profit was 51 cents a share versus a projection for 48 cents.
Cisco Systems, Inc. (NASDAQ:CSCO) has invested $150 million in early-stage organizations connected to the Internet of Things market. Cisco is starting with investments in two startups and an accelerator. Cisco Investments participated in funding rounds of Evrythng, Ayla Networks, and Alchemist Accelerator.
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Arista Networks is known for making network switches for large data centers. The company has filed for an IPO today and has listed Morgan Stanley and Citigroup as the lead underwriters for the offering. Arista could potentially raise $200 million from the IPO. Arista Networks is led by former Cisco executive Jayashree Ullal. Some of the companies customers include Facebook, Comcast, Yahoo!, and Citigroup. Ullal is the CEO and is the largest shareholder in the company. Arista is going to list shares on the New York Stock Exchange with the symbol “ANET.” The company was started in 2004 by Andy Bechtolsheim and David Cheriton. Cheriton is a computer science professor at Stanford University.
Cisco Systems, Inc. is going to offer “cloud” computing services to corporate customers as part of a $1 billion spending plan over the next two years. Cisco could potentially eat away at Amazon’s cloud computing marketshare. Cisco is primarily known for its networking hardware business and is rapidly expanding into other markets. Cisco said that the spending will go towards building up data centers to run the new service, which will be called Cisco Cloud Services.
Cisco Systems, Inc. (NASDAQ:CSCO) chief technology officer Padmasree Warrior has joined the board of directors at Box, a popular cloud storage company. Warrior used to be executive vice president and chief technology officer at Motorola.