On Wednesday, Cisco Systems, Inc. (NASDAQ:CSCO) announced a new Carrier Routing System-X (CRS-X) product. The CRS-X hits around 10 times the capacity of the CRS-1. The CRS-X is expected to help Cisco increase their cumulative revenue from core routers by 25% to $10 billion within the next 2 years.
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Cisco Systems Posts
Cisco Systems and iRobot have partnered to market the Ava 500 video collaboration robot. The Ava 500 robot uses iRobot’s autonomous navigation and Cisco’s telepresence software. The Ava 500 will likely become popular within enterprises. The goal of the Ava 500 is to “enable people working off-site to participate in meetings and presentations where movement and location spontaneity are important.”
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TiVo has made a patent settlement with Cisco Systems, Motorola Mobility, and Time Warner Cable. The companies will be able to avoid a trial expected to start next week. As part of the agreement, TiVo will receive $490 million from Google and Cisco. TiVo will also sign a patent licensing deal with Cisco, Google, and Arris Group. Google will collect the legal licensing fees on behalf of their subsidiary Motorola Mobility. Google sold Motorola’s set-top making unit to Arris earlier this year.
Cisco Systems, Inc. (NASDAQ:CSCO) has made an agreement to acquire energy management software company JouleX for $107 million in cash and retention-based incentives. Based in Atlanta, Georgia, JouleX offers energy management products for companies, enterprise networks, and data centers.
Cisco Systems, Inc. (NASDAQ:CSCO) shares are up over 12% because the company reported that their quarterly results and financial targets are better than what Wall Street was expecting. Today Cisco even hit a multiyear high of $24.24 based on the results. The last time that Cisco’s shares traded above $23 was in November 2010.
Atlantis Computing is a company that optimizes the way that storage-intensive applications use data center storage when virtualized to reduce the amount of storage consumed. The company can also optimize the use of shared storage, boost performance, and reduce operational risks. Atlantis’ ILIO solution enables the deployment of the Virtual Desktop Infrastructure and virtualized XenApp with no physical storage. Atlantis has raised $20 million in Series D funding led by Adam Street Partners.
Cisco Systems has acquired UK-based small cell technology company Ubiquisys for $310 million in cash and employee retention. Cisco started to seriously explore small cell technology around five years ago when they made a strategic investment in the picocell and femtocell company, ip.access.
Cisco Systems has acquired a cloud management company called SolveDirect. Based in Vienna, Austria, SolveDirect is a company that provides cloud-delivered services management integration software and services.