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Cisco puts $1bn towards UK Internet of Things sector

Cisco is pouring $1bn into the UK IoT sector

Cisco announced this week it is investing hundreds of millions of dollars into a range of UK initiatives over the next three to five years aimed at accelerating local development of Internet of Things solutions.

Cisco Q3: Enterprise shines while service provider biz struggles

Cisco said it enterprise business is looking strong but service provider segment still sees challenges

Cisco reported third quarter 2015 revenues of $12.1bn this week, just over 5 per cent what it raked in during the same quarter last year. In a call with analysts this week Cisco execs said the company sees continued growth in its enterprise segment, but its service provider business continue to struggle.

Verizon confirms SDN overhaul plans

Verizon is revamping its network

Verizon has confirmed publicly its plans to develop and implement a software defined networking infrastructure, working alongside Alcatel-Lucent, Cisco, Ericsson and Nokia Networks, among others, reports

Cisco Q2 2015 gains 7 per cent on cloud, enterprise growth

Cisco said it is pleased with growth its seeing in cloud, despite some regional challenges

Cisco reported second quarter 2015 revenue of $11.9bn, a 7 per cent year on year increase, which the company said was largely down to its performance in cloud and the enterprise.

Cisco, Proximus team on video, smart cities, SDN

Cisco and Proximus are partnering in a number of areas

Belgian telco Proximus announced a renewed partnership with Cisco this week which will centre on co-developing cloud-based video delivery services and smart cities offerings, and bringing support for SDN to the telco’s network.

Cisco to pour $1bn into cloud as hardware revenues decline

Cisco said it will spend $1bn on developing its cloud services portfolio over the next two years as it moves to rebalance its hardware-focused products and service offerings

In a bid to shift its business towards selling more cloud-based software Cisco is ramping up investment in cloud services, pouring up to $1bn into products and services in the sector over the next two years according to the Wall Street Journal.