Success Story of Cisco

BY

INFOCLUTCH | SEPTEMBER 04, 2018


Today, Cisco has gone on to push the boundaries of technological innovation by bringing the world closure together. Its Introduction to IoE (Internet of Everything) has brought together the connection of people, process, data, and things. It’s predicted that IoE could generate $4.6 trillion in value for the global public sector by 2022.

Samsung company history timeline

About Cisco As A Company:

Cisco Systems Inc. is an American multinational Conglomerate/Company headquartered in San Jose, California.

It’s one of the world’s leading technology companies founded in 1984 by Leonard Bosack and Sandy Lerner.

Cisco manufactures and sells networking hardware, telecommunications equipment and other high-technology services and products.

About the founders

Leonard Bosack and Sandy Lerner, two Stanford University computer scientists and the founders of Cisco pioneered the concept of local area network.

Leonard is largely responsible for commercialization of LAN that was used to connect geographically disparate computers over a multiprotocol router system.

Sandy Lerner walked away from Cisco in early 1990 and is now an American businesswoman and philanthropist who supports animal welfare and women's writing.

Cisco History and its Timeline:

1984: Computer scientists Len and Sandy found Cisco Systems.

1986: Cisco’s 1st product, AGS multi-protocol router was released.

1988: John P. Morgridge gets appointed as president and CEO of Cisco Systems.

1993: Cisco makes its first acquisition by buying Ethernet switching startup Crescendo Communications.

1994: Cisco acquires Kalpana, the inventors of Ethernet Switching. The company reaches revenue of $1.33 Billion the same year.

1995: John Chambers becomes the CEO replacing John Morgridge, who then becomes the Chairman.

1998: Cisco’s Market capitalization reaches £56 Billion and introduces Gigabit Ethernet switching.

1998: Cisco launches Catalyst 6500 the Ethernet switch, perhaps the most important since its 1st router.

2000 - Cisco turns out to be the most valuable company in the world by market capitalization - worth £313bn before the web bubble blasts.

2001 - Cisco develops the iSCSI protocol with IBM and addsIPv6 protocol to its IOS software.

2004: Cisco introduces the Integrated Service Router (ISR) which goes on to become the most successful products followed by CRS – 1.

2007: 2 key executives, Officer Giancarlo (executive VP and Chief Development Officer) and Mike Volpi (head of Cisco’s Routing and Service Technology Group) leaves Cisco Systems.

2008: Cisco Launches Nexus 7000 data center switch.

2009: With the introduction of Unified Computing System (UCS), Cisco enters the major product milestone and market.

2013: Cisco celebrates its 10,000th patent and also acquires Sourcefire for $2.7 billion.

2015: CEO and Chairman John Chambers step’s down from his position but remains as the Chairman, and Chuck Robbins who was the senior VP becomes the CEO.

2016: Cisco invests in VeloCloud, a software-defined WAN (SD-WAN) start-up.

2017: John Chambers announces that he would step down from his executive Chairman role while Robbins gets elected to succeed Chambers.