Cisco

Cisco to invest $1bn to expand cloud business globally

Networking solutions provider Cisco on Tuesday announced its decision to invest more than $1 billion over the next two years to expand its cloud business globally.

Cisco wants to build the world's biggest global Intercloud (network of clouds) in partnership with various IT companies, including Indian software services provider Wipro and Australian telecom service provider Telstra.

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Cisco acquiring cloud infrastructure startup Meraki for $1.2 billion

In a Sunday announcement, bigwig networking company Cisco Systems revealed that it is acquiring the 2006-founded privately-held cloud infrastructure startup Meraki for approximately $1.2 billion.

According to the terms of the acquisition deal, which will likely be finalized in Cisco's fiscal second quarter in 2013, Meraki - which is backed by companies like Google and Sequoia Partners - will become Cisco's new Cloud Networking Group.

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Cisco appealing EC’s approval of Microsoft-Skype merger

In a Wednesday statement, bigwig networking equipment maker Cisco Systems said that it is appealing the European Commission (EC)’s unconditional approval to software giant Microsoft’s $8.5-billion acquisition of Internet-calling service Skype SA – a deal which closed in October 2011.

Stating that it does not oppose the Microsoft-Skype merger overall, Cisco said that its chief request to the General Court of the European Union would be to place conditions on the merger, such that Skype video-conferencing service would be required to operate with rival services.

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Cisco blasted by judge for 'duplicity' in goading prosecutors

Cisco's attempt has been called as "unmitigated gall" and "duplicity" by a Canadian judge who accused the company of using the same for goading US prosecutors so that they can push forward arrest of one of their former executives. He was the one who had sued the networking giant.

These comments were made by Justice Ronald McKinnon who has also ordered for a stay in the extradition of the ex-exec, Peter Alfred-Adekeye. He had been charged, in US, with close to 97 criminal cases related to hacking into the network of Cisco.

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550 to lose job as Flip camera moves towards death

Cisco Systems has finally decided that it will be going to shut down its Flip video camera unit. This is part of its major retreat from the consumer electronics segment and comes two years after it paid $590 million for the same.

The California-based company has also decided that it will be laying off 550 workers as part of its restructuring strategy. But it is not sure whether the Boston unit will be closed or some other part. If that is the case then, employment of 2,000 employees are under threat who are working in that area.

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