Cisco Systems, Inc. (CSCO) Internet of Things head resigns

Posted May 9, 2014

The Internet of Things head at Cisco Systems, Inc. (NASDAQ:CSCO), Guido Jouret, has resigned. Jouret was the VP and general manager of Cisco’s Internet of Things Group before he left to “pursue a new opportunity.” Rob Soderbery, the SVP of Cisco’s Enterprise Networking Group, will now oversee the group. Cisco estimates that the Internet of Things market will generate $19 trillion in value over the next 10 years and the company wants to become a leader in the category.