Cisco Systems Posts

Cisco Systems rival Arista Networks for IPO

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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.
[Source: Reuters]

Cisco Systems is spending $1 billion on cloud computing

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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

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Cisco Systems, Inc. (CSCO) CTO Padmasree Warrior joins Box board

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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. 

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Google Inc (GOOG) And Cisco Systems, Inc. (CSCO) partnership: WebEx coming to Chromebooks

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Google Inc (NASDAQ:GOOG) and Cisco Systems, Inc. (NASDAQ:CSCO) are partnering to have WebEx brought to Chromebooks. Chromebooks will have WebEx bundled with the laptops along with further collaboration between Google Apps and Cisco Web conferencing. The partnership was announced by Rajen Sheth, Director of Product Management at Gogole’s Chrome for Business division at the Enterprise Connect conference.

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Cisco Systems, Inc. (CSCO) invests $6 million in Jordan’s Badia Impact Fund

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Cisco Systems, Inc. (NASDAQ:CSCO) has invested $6 million into the Badia Impact Fund to support early-stage companies in healthcare, real estate, consumer Internet, mobile, and digital media companies in Jordan. This funding round is the first allocation from the $10 million venture capital investment that was outlined by Cisco in May 2011 that is targeted at job creation and economic development in Jordan.
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MuleSoft receives $50 million in funding

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MuleSoft is a San Francisco based enterprise technology company that integrates business applications. MuleSoft has raised $50 million in a new round of funding co-led by New Enterprise Associates, Lightspeed Venture Partners, and Meritech Capital. Cisco Systems, Salesforce.com, SAP Ventures, Morgenthaler Ventures, Hummer Winblad Venture Partners, and Bay Partners also participated in this round.
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Samsung Electronics Co., Ltd. (005930) and Cisco Systems, Inc. (CSCO) sign 10-year patent agreement

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Samsung Electronics Co., Ltd. (KRX:005930) and Cisco Systems, Inc. (NASDAQ:CSCO) has announced that they are partnering as part of a ten-year patent agreement. This is Samsung’s third patent-related agreement announced in the last 10 days.
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Google Inc (GOOG) and Cisco Systems, Inc. (CSCO) have entered a cross-licensing patent deal

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Google Inc (NASDAQ:GOOG) and Cisco Systems, Inc. (NASDAQ:CSCO) today announced a long-term agreement where they will license patents from each other to curb patent lawsuits from shell companies and trolls. Google and Cisco did not say how many patents are involved in this deal.
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