Cisco Systems got its start in 1984 by selling routing equipment that helped computer networks made by various manufacturers talk to each other and exchange information quickly. That helped solve a growing problem in the nascent computer networking field. But Cisco, which launched its IPO in 1990, didn’t stop there. Cisco Systems (CSCO) used acquisitions, partnerships, internal innovation and marketing savvy to grow into a
Akamai Technologies (AKAM) is expected to start seeing revenue from a new partnership with Cisco Systems (CSCO) kick in later this year, as Akamai pushes further into hybrid private-public cloud computing services for large companies. At its annual investor day on Tuesday, Akamai left its Q1 guidance unchanged. Cambridge, Mass.-based Akamai reiterated its goal of growing revenue to $5 billion in 2020, up from $1.6 billion in 2013. “Management
Cisco Systems (CSCO) is making a big bet to take on Amazon.com (AMZN) in the fast-growing cloud services sector. Cisco, the No. 1 maker of computer networking gear, said on Monday it plans to spend $1 billion over the next two years to enter the cloud-computing services market now dominated by Amazon’s Amazon Web Services unit. But the announcement didn’t spark Wall Street, as Cisco stock was down a fraction in morning trading in the stock market