Cisco builds the hardware that powers the Internet. In fact, most of the Internet runs through a Cisco device. Today, that’s a very profitable business for the company and one they intend to keep growing.
At the beginning of the year, Cisco acquired Jasper Technologies, a platform to build applications for the Internet of Things, for $1.4 billion to integrate with the company’s cloud business unit. Currently, it has over 5,000 clients including Amazon, Ford, Vivint, and GM. Continue Reading »