On July 23, 2015, Cisco declared the divesture of its TV best box and link modem business to Technicolor SA for $600 million, a division initially shaped by Cisco’s $6.9 billion buy of Scientific Atlanta. The arrangement came as a component of Cisco’s steady exit from the customer advertise, and as a major aspect of an exertion by Cisco’s new initiative to concentrate on cloud-based items in big business sections. Cisco demonstrated that it would in any case team up with Technicolor on video items. On November 19, 2015, Cisco, close by ARM Holdings, Dell, Intel, Microsoft, and Princeton University, established the OpenFog Consortium, to advance interests and improvement in mist figuring. Cisco Sr. Executive of Innovation and Corporate Technology Helder Antunes turned into the consortium’s first director.
In January 2016, Cisco put resources into VeloCloud, a product characterized WAN (SD-WAN) start-up with a cloud offering for arranging and improving branch office systems. Cisco added to VeloCloud’s $27 million Series C round, drove by March Capital Partners. Cisco is one of two key financial specialists. In February 2017, Cisco debuted a cloud-based secure web portal to handle cloud and versatile security dangers. The offering, Cisco Umbrella, is customized to give safe web access to clients who don’t utilize their corporate systems or VPNs to associate with remote server farms.
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