On May 22, 2008, Cisco acquired San Jose-based Nuova Systems and celebrated its 126th acquisition sinc
e 1993 (which means an average of 8.5 acquisitions per year; so Oracle sure has competition!). Speaking on the occasion, John Chambers, CEO, Cisco Systems Inc. exclaimed, "The company''s 126th acquisition marks another major milestone in Cisco''s efforts to create a new and a far more efficient architecture for data centres." Most of the acquisitions and buy-outs that Cisco has ventured into in the last few years have opened up new market opportunities.
Be it the take-over of Crescendo Communications Inc. in 1993 (which helped elevate Cisco''s position to number one in the routing and switching market), or Scientific Atlanta (2005)that opened avenues in the service provider market. It is believed that Nuova''s product portfolio, which goes beyond the Nexus 5000 has the spark that will open up another significant market for Cisco.
Headquartered in California, Cisco achieved annual revenues of $35 billion in 2007 and $7.3 billion in net income (a y-o-y increase of 23.28%). In Q1 2008, Worldwide Enterprise Telephony (IP Telephony + PBX/KTS) sales decreased 3.8% sequentially. And to everybody''s surprise, Cisco, for the first time, took the number one position in market share followed by Avaya and Nortel. Jeremy Duke, President & CEO, Synergy Research Group, Inc. asserts, "Cisco is now selling more voice lines than all of the other vendors including their legacy TDM products.
This is quite an accomplishment, especially given that it has been achieved in less than 10 years." Of late Cisco has shown tremendous amount of aggressiveness in the emerging markets. After exploring the market opportunities in India, Cisco recently announced its plans to invest heavily in UAE – $1.59 billion on information & communications technology over the next five years.
e 1993 (which means an average of 8.5 acquisitions per year; so Oracle sure has competition!). Speaking on the occasion, John Chambers, CEO, Cisco Systems Inc. exclaimed, "The company''s 126th acquisition marks another major milestone in Cisco''s efforts to create a new and a far more efficient architecture for data centres." Most of the acquisitions and buy-outs that Cisco has ventured into in the last few years have opened up new market opportunities.Be it the take-over of Crescendo Communications Inc. in 1993 (which helped elevate Cisco''s position to number one in the routing and switching market), or Scientific Atlanta (2005)that opened avenues in the service provider market. It is believed that Nuova''s product portfolio, which goes beyond the Nexus 5000 has the spark that will open up another significant market for Cisco.
Headquartered in California, Cisco achieved annual revenues of $35 billion in 2007 and $7.3 billion in net income (a y-o-y increase of 23.28%). In Q1 2008, Worldwide Enterprise Telephony (IP Telephony + PBX/KTS) sales decreased 3.8% sequentially. And to everybody''s surprise, Cisco, for the first time, took the number one position in market share followed by Avaya and Nortel. Jeremy Duke, President & CEO, Synergy Research Group, Inc. asserts, "Cisco is now selling more voice lines than all of the other vendors including their legacy TDM products.
This is quite an accomplishment, especially given that it has been achieved in less than 10 years." Of late Cisco has shown tremendous amount of aggressiveness in the emerging markets. After exploring the market opportunities in India, Cisco recently announced its plans to invest heavily in UAE – $1.59 billion on information & communications technology over the next five years.
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