Cisco Systems (CSCO) is making progress in boosting its software and cloud service businesses among enterprise and carrier networking customers. In a research report Monday, Brian Modoff, an analyst for Deutsche Bank, said the company appears to performing better than expected in several areas. He said some improvements stem from its 2012 acquisition of Meraki, which had helped the company come out with a cloud platform for Wi-Fi, switching,
Cisco Systems’ (CSCO) cloud-based technology is gaining momentum among cable TV customers, says UBS Investment Bank. “We believe an accelerated shift to the cloud is a positive for Cisco, potentially at the expense of Arris (ARRS),” said UBS analyst Amitabh Passi in a research report. Two of Cisco’s customers are U.S.-based Charter Communications (CHTR) and Germany’s Kabel Deutschland, acquired in 2013 by Vodafone Group (VOD). “Cisco is supplying
Large information technology companies are sure to make more acquisitions in 2015 as corporate customers shift their spending to cloud computing, security and Big Data analytical software. More M&A is expected among large IT companies as they aim to acquire next-generation data center technologies. Analysts say privately held startups will likely again be targeted. Among last year’s acquisitions, Cisco Systems (CSCO) bought MetaCloud, and EMC