Who owns cisco

Cisco provides free training to thousands through its Cisco Networking Academy Program. Cisco Networking Academy also known as NetAcad launched in October with 64 educational institutions in seven states, the Networking Academy has spread to more than countries. Since its inception, over 1. The Cisco Networking Academy Program is a comprehensive e-learning program that provides students with the Internet technology skills essential in a global economy.

The Networking Academy delivers web-based content, online assessment, student performance tracking, hands-on labs, instructor training and support, and preparation for industry standard certification. At the time, Cisco stated that connecting those cameras to the internet would allow "people to share, publish, and [easily] get access to video," which fit its "vision of visual networking.

But just like GoPro's cameras, Flip video cameras were gradually rendered obsolete by smartphones -- and Cisco quietly killed the Flip two years later. These technologies strengthened Cisco's service provider video and collaboration products, but the set-top boxes themselves were a dead weight on its top line growth.

That's also why Cisco has reported two sets of top line results over the past few quarters. Cisco is one of the few IT and Networking brands that takes pride in female inclusion in predominately male industry, striving to bridge the gaps in IT Skills across West Africa. At Stanford, Bosack devised a way to connect the two local area networks in the respective departments where he and his wife worked, yards across campus. Lerner and Bosack initially tried to sell the internetworking technology that Bosack had developed to existing computer companies, but none were interested.

They then decided to start their own business, Cisco Systems, based on this technology they came up with the name, a shortened form of San Francisco, while driving across the Golden Gate Bridge.

The company was established on a very tight budget. In fact, Bosack and Lerner had to mortgage their house, run up credit card debts, and defer salaries to their friends who worked for them in order to get the venture off the ground, and, even after two years of business, Lerner maintained an outside salaried job to supplement the couple's income.

Cisco's primary product from the beginning was the internetworking router, a hardware device incorporating software that automatically selects the most effective route for data to flow between networks. Cisco's routers pioneered support for multiple protocols or data transmission standards, and could therefore link together different kinds of networks, those having different architectures and those built on different hardware, such as IBM-compatible personal computers, Apple Macintosh computers, UNIX workstations, and IBM mainframes.

Cisco initially marketed its routers to universities, research centers, the aerospace industry, and government facilities by contacting computer scientists and engineers via ARPANET, the precursor to what was later known as the Internet.

In , the company began to target its internetworking routers at mainstream corporations with geographically dispersed branches that used different networks. To that end, Cisco developed routers serving an even greater array of communications protocols and subsequently distinguished its routers by enabling them to support more protocols than those of any other router manufacturer. By the late s, when the commercial market for internetworking began to develop, Cisco's reasonably priced, high-performance routers gave it a head start over the emerging competition.

Although Cisco had a high rate of sales growth, the young company was still short of cash; in Bosack and Lerner were forced to turn to a venture capitalist, Donald T.

Valentine of Sequoia Capital, for support. Valentine, however, required that the owners surrender to him a controlling stake in the company. Valentine thus became chairperson and then hired an outsider, John Morgridge, as the company's new president and chief executive officer.

Morgridge, who had an M. Morgridge replaced several Cisco managers, who were friends of Bosack and Lerner, with more qualified and experienced executives. In February , Cisco went public, after which Bosack and Lerner began selling their shares. Under Morgridge, Bosack had been given the title of chief scientist and Lerner was made head of customer service. However, Lerner reportedly did not get along well with Morgridge and, in August , she was fired, whereupon Bosack also quit.

The couple subsequently gave away the majority of their profits to their favorite charities. Meanwhile, Morgridge built up a direct sales force to market the products to corporate clients. At first, Cisco's corporate clients were the scientific departments of companies which already maintained large internal networks. Later, Cisco was able to market its products to all kinds of major corporations to help them link the computer systems of their headquarters, regional, and branch offices.

As Cisco's client base grew, the company's greatest challenge became meeting customer support service needs. The large size of the network systems for which Cisco supplied products made the user support task especially complex. The company grew at a tremendous rate as its market rapidly expanded. In the early s, companies of all sizes were installing local area networks LANs of personal computers.

As such, the potential market for linking these networks, either with each other or with existing minicomputers and mainframe computers, also grew. In , Fortune magazine rated Cisco as the second fastest growing company in the United States. In its role as the leading internetworking router provider, Cisco could redefine and expand the market as it grew. While new communications technologies became widespread, Cisco adapted and added the capabilities of handling new protocols to its products.

By August , Cisco had decided not to develop a rival protocol, because IBM made it clear that APPN would be a more open, multivendor protocol than originally intended. Cisco Systems built the Internet so we know exactly what it takes to get your business online. Take advantage of our experience and knowledge to get the Internet working effectively for your business. Skip to content Skip to search Skip to footer.