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It was founded as WebEx in 1995 and acquired by Cisco Systems in May 2007. Its headquarters are in San Jose, California. [2] Its software products include Webex App, Webex Suite, Webex Meetings, Webex Messaging, Webex Calling, Webex Contact Center, and Webex Devices. [3] All Webex products are part of the Cisco Systems collaboration portfolio. [4]
Following the first Cisco takeover purchase, acquisitions have constituted 50 percent of the company's business activity. [ 2 ] The company's largest acquisition as of October 2023 [update] is the purchase of Splunk —a software company that develops software for the analysis and monitoring of machine-generated data — US$ 28 billion. [ 3 ]
On May 29, 2007, Cisco Systems acquired WebEx for $3.2 billion. [5] After a 6-year break spending time with his 2 daughters, in 2012, Iyar co-founded and became CEO of Moxo. [6] Moxo is a digital client interaction platform that received funding from Cisco and KDDI from Japan. [7]
On this day in business history... Cisco Systems was founded on Dec. 10, 1984, by Sandy Lerner and Len Bosack, who had developed a groundbreaking new connectivity device called a router while ...
Cisco partners can offer cloud-based services based on Cisco's virtualized Unified Computing System (UCS). A part of the Cisco Unified Services Delivery Solution that includes hosted versions of Cisco Unified Communications Manager (UCM), Cisco Unified Contact Center, Cisco Unified Mobility, Cisco Unified Presence, Cisco Unity Connection ...
Despite constant attempts by analysts and the media to complicate the basics of investing, there are only three ways a stock can create value for shareholders: Dividends. Earnings growth. Changes ...
Former logo (2014-2022) Zoom was founded by Eric Yuan, a former corporate vice president for Cisco Webex. [6] He left Cisco in April 2011 with 40 engineers to start a new company, [2] originally named Saasbee, Inc. [7] The company had trouble finding investors because many people thought the videotelephony market was already saturated. [7]
During Chambers' time at the company, Wang's profits declined dramatically from $2 billion 1989 to a $700 million loss in 1990. A year later, Chambers left Wang to join Cisco, which had gone public on February 16, 1990. [12] In 1995 Chambers became CEO of Cisco, a position he held until 2015. He had also been promoted to board chairman in 2006 ...