Cisco Systems
American multinational technology company / From Wikipedia, the free encyclopedia
Cisco Systems, Inc. is an American multinational technology conglomerate headquartered in San Jose, California, in the center of Silicon Valley.[3] Cisco develops, manufactures and sells networking hardware, telecommunications equipment and other high-technology services and products.[4] Through its numerous acquired subsidiaries, such as OpenDNS, WebEx, Jabber and Jasper, Cisco specializes into specific tech markets, such as Internet of Things (IoT), domain security and energy management.[5]
Company type | Public |
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Industry | Networking hardware & software |
Founded | December 10, 1984; 39 years ago (1984-12-10) in San Francisco, California, United States |
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Headquarters | , United States[1] |
Area served | Worldwide |
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Products | List of Cisco products |
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Number of employees | 74,200 (2018)[2] |
Subsidiaries | List of acquisitions by Cisco Systems |
Website | cisco |
Cisco stock was added to the Dow Jones Industrial Average on June 8, 2009, and is also included in the S&P 500 Index, the Russell 1000 Index, NASDAQ-100 Index and the Russell 1000 Growth Stock Index.[6]
Cisco Systems was founded in December 1984 by Leonard Bosack and Sandy Lerner, two Stanford University computer scientists.[7] They pioneered the concept of a local area network (LAN) being used to connect geographically disparate computers over a multiprotocol router system. By the time the company went public in 1990, Cisco had a market capitalization of $224 million.[8] By the end of the dot-com bubble in the year 2000, Cisco had a more than $500 billion market capitalization.[9]