Tomorrow Starts Here
Cisco Systems
Tagline
Net Worth
$173,000,000,000
Started in (City)
San Francisco
Started in (Country)
United States of America
Incorporation Date
10th December, 1984
Bankruptcy Date
-
Founders
- Leonard Bosack
- Sandy Lerner
About
Cisco is an American multinational technology which is combined headquartered in San Jose and California. Cisco establishes, manufactures, and sells software telecommunications equipment, networking hardware, and other high-technology products and services. Cisco has specialized in specific tech markets like domain security, energy management, and the Internet of Things (IoT). The name of the company “cisco” originated from the city name San Francisco.Cisco systems was established in the late 1984’s by Leonard Bosack and Sandy Lerner. Cisco was one of the first companies to trade successful routers that supported multiple network protocols. Cisco continued to develop its switching, routing, and security profile on the more conventional business side. When the company became public, it had a market fund of $224 million and later upto $500 million. In 2014, with the market capitalization of about US $129 billion, it remained one of the most beneficial companies.
Beginning
Cisco systems were established in the late 1984’s by Leonard Bosack and Sandy Lerner, who were computer scientists at Stanford University and had helped connect computers at Stanford. They developed the concept of a Local Area Network (LAN) using a multi-protocol router to connect a geographically divergent computer on a router system. Leonard Bosack was responsible for the Stanford University computer science department’s computers and Sandy Lerner was the director of computer equipment for the Stanford University Graduate School of Business. Cisco’s former creation has its origins in Stanford University’s campus technology. The technology on the campus used to link all the computer systems to communicate with each other, assembled in a box that functioned as a multiprotocol router was termed as “Blue Box”. It was used by the staff at Stanford, involving Bosack in the early 1980s. The “Blue Box” software was initially composed at Stanford by research engineer William Yeager. Kirk Lougheed and Leonard Bosack altered William Yeager’s software that became the keystone for Cisco IOS. In 1986, they were forced to give the resignation from Stanford University. In 1987, Stanford permitted the two computer boards and the router software to Cisco. The early Cisco team included Leonard Bosack, Sandy Lerner, Kirk Lougheed, Greg Satz(programmer), and Richard Troiano(salesperson). The first CEO of the company was Bill Graves, who occupied the position from 1987 to 1988. John Morgridge was appointed as CEO in 1988.
Road to Success
Cisco was one of the first companies to trade successful routers that supported multiple network protocols. Though it was not the first company to supply specific network nodes. Standard, CPU-based design of former Cisco devices combined with the versatility of the operating system and IOS enabled it to continue with developing technical requirements through frequent software upgrades. Certain well-known models of that era like the Cisco 2500, managed to remain in production for nearly a decade practically unchanged. The company was fast to captivate the developing service provider environment, entering the SP market with products such as Cisco 7000 and Cisco 8500. Cisco procured various companies in Ethernet switching between 1992 to 1994. Companies like Grand Junction, Kalpana, and utmost remarkable, Mario Mazzola’s Crescendo Communications which formed the Catalyst business unit together. In the last half of the 1990s, the Internet protocol became broadly adopted. Cisco schemed to introduce products varying from modem access shelves (AS5200) to core GSR routers, which made them a leading player in the market. On February 16, 1990, Cisco Systems had been made public with a market capitalization of $224 million and was recorded on the NASDAQ stock exchange. Cisco became the most valuable company in the world in late March 2000, with a market capitalization of more than $500 billion. Following the year 2014, with the market capitalization of about US $129 billion, it remained one of the most beneficial companies. In the mid-2000s, the company also built a notable presence in India, establishing its Globalization Centre East in Bangalore for $1 billion. In 2019, Cisco took over Voicea, an artificial intelligence company and CloudCherry, a customer experience management company. Cisco was ranked four on the Fortune magazine among the 100 best companies to work for.
Challenges
Cisco’s former creation has its origins in Stanford University’s campus technology. The technology on the campus used to link all the computer systems to communicate with each other, assembled in a box that functioned as a multiprotocol router was termed as “Blue Box”. It was used by the staff at Stanford, involving Bosack in the early 1980s. The “Blue Box” software was initially composed at Stanford by research engineer William Yeager. Due to its fundamental construction and its ability to scale properly, Yeager’s well-designed creation became key to Cisco’s rapid success. In 1985, the employee at Stanford Kirk Lougheed along with Leonard Bosack, founders of cisco started a project to formally network Stanford’s campus. They altered William Yeager’s software that became the keystone for Cisco IOS. Though William Yeager claimed that he had rejected the permission to trade the Blue Box economically. On July 11, 1986, William Bosack and Kirk Lougheed were forced to give the resignation from Stanford University. The university filed criminal complaints against Cisco and its co-founders for stealing its hardware, software, and other intellectual properties.
Failures
The technology on the campus used to link all the computer systems to communicate with each other, assembled in a box that functioned as a multiprotocol router was termed as “Blue Box”. It was used by the staff at Stanford, involving Bosack in the early 1980s. The “Blue Box” software was initially composed at Stanford by research engineer William Yeager. In 1985, the employee at Stanford Kirk Lougheed along with Leonard Bosack, founders of cisco started a project to formally network Stanford’s campus. They altered William Yeager’s software that became the keystone for Cisco IOS. Though William Yeager claimed that he had rejected the permission to trade the Blue Box economically. In 1986, William Bosack and Kirk Lougheed were forced to give the resignation from Stanford University. The university filed criminal complaints against Cisco and its co founders for stealing its hardware, software and other intellectual properties.
Achievements
- Cisco was a 2002–03 recipient of the Ron Brown Award
- Cisco ranked number one in Great Place to Work by World's Best Workplaces 2019
- In 2020, Fortune magazine ranked Cisco Systems at number four on their Fortune List of the Top 100 Companies to Work For in 2020.
Subsidies
- OpenDNS
- Webex, Jabber and Jasper
- Jabber
- Jasper
CEOs
- Chuck Robbins
- John T. Chambers
- John Morgridge
- Bill Graves