Tag Archives: Cisco

Cisco Completes $2.7B Acquisition of Sourcefire

Cisco (NASDAQ: CSCO) has completed the acquisition of security software firm Sourcefire for approximately $2.7 billion, or $76 per share in cash. The acquisition is intended to grow Cisco’s advanced threat protection portfolio and provide customers with integrated, pervasive and open enforcement and remediation options, Cisco announced Monday. Sourcefire employees will join the Cisco …

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Cisco to Buy Security Software Firm Sourcefire for $2.7B; Christopher Young Comments

Cisco (NASDAQ: CSCO) has agreed to acquire security software maker Sourcefire for $2.7 billion in a bid to build up its research and technology portfolio in threat protection. Both boards of directors have approved the terms of the deal, under which Cisco will buy Sourcefire shares in cash at $76 …

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Abe Peled, Simon Bax Join Inmarsat Board

Abe Peled and Simon Bax have been appointed non-executive directors to Inmarsat‘s board, effective immediately. Peled becomes a member of the nominations committee while Bax joins the remuneration committee, Inmarsat said Tuesday. Peled currently serves as senior vice president of Cisco‘s (NASDAQ: CSCO) video and collaboration group and advises U.K.-based Permira …

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Report: Tom Wilburn Appointed Cisco Global Enterprise SVP, CTO

Tom Wilburn, who joined Cisco (NASDAQ: CSCO) in 2005, has been appointed to succeed John McCool as senior vice president and chief technology officer of the global enterprise segment. McCool is leaving the company the company after 17 years and helped grow its corporate mobile and networking equipment unit from …

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Jim Freund Assumes Intelligent Decisions Strategy, Planning VP Role; Harry Martin Comments

Jim Freund, a 21-year Cisco (NASDAQ: CSCO) veteran and director for collaboration and smart solutions, has joined Intelligent Decisions as vice president of strategy and planning for enterprise sales. Freund will oversee the company’s offerings in cloud, collaboration, remote expert, virtualization and bring-your-own-device as the company aims to grow in the …

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Steven Picot Named Vion Federal Sales VP; Tom Frana Comments

Steven Picot, an eight year Cisco (NASDAQ: CSCO) veteran and its former operations director, has joined Vion Corp. as vice president of federal sales. The former U.S. Marine Corps captain will lead all federal sales activities for the Herndon, Va.-based storage and server provider, Vion said Wednesday. “We are elated …

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Cisco Completes $1.2B Acquisition of Cloud Networking Firm Meraki

Cisco (NASDAQ: CSCO) has completed its purchase of cloud networking company Meraki Inc. for approximately $1.2 billion in cash, according to a Cisco statement. (Click Here, to read the original story by GovCon Wire of the Cisco acquisition.) According to the San Jose, Calif.-based company, the Meraki team will be integrated into …

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Cisco Adds President Title to COO Gary Moore; John Chambers Comments

Cisco Systems (NASDAQ: CSCO) has promoted Chief Operating Officer Gary Moore, formerly leader of the services unit, to the company’s president ranks. The company said in a Thursday release Moore will oversee end-to-end operations and will continue to drive alignment across the company to support the long-term strategy. Cisco also …

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Cisco to Pay Shareholders 75% Higher Dividend; John Chambers Comments

Cisco Systems (NASDAQ: CSC) will pay shareholders a 14 cent-per-share dividend based off its recent fourth quarter financial results. That number represents a 75 percent increase from the 8-cent dividend from the previous quarter, According to Forbes. For the fourth quarter ended July 28, the company reported sales of $11.7 …

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VCE Names 19-Year Cisco Vet Praveen Akkiraju CEO; John Chambers Comments

VCE has appointed 19-year Cisco Systems (NASDAQ: CSCO) veteran Praveen Akkiraju CEO, VCE announced Thursday. VCE also announced he and President Frank Hauck will join VCE’s board of directors. Cisco and EMC formed VCE in late 2009, with VMware and Intel (NASDAQ: INTC) also contributing investments. Akkiraju said in a …

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