Sunday 26 July 2015

Cisco Pulls out of Another Business


The networking titan will no longer sell storage equipment which had $ 415 million of acquisition Whiptail storage starting in 2013.

Cisco Systems continues to trim the fat before Chuck Robbins acts as CEO next week after the longtime leader John Chambers, steps down.

The networking titan no longer sell storage equipment, an industry, it has inherited from its acquisition of storage startup Whiptail $ 415 million in 2013. The company will also sell a line of servers that has the capabilities of storage, but not a product that is the only purpose it to store data.

Analysts said the Wall Street Journal that the movement to the Cisco storage equipment to sell in contradiction with some of its longstanding partners like EMC EMC -1.35% and -0.96% NTAP NetApp.

"Cisco is the priority to elements of our portfolio to drive more value for our customers today and in the future, and today we announce the end of life (EOL) for the Invicta Scaling system products and appliances, "a spokesman of the company told CRN.

The decision to throw the business is logical given Cisco CSCO 1.39% just sold its set-top box company $ 600 million Thursday to remove a line over less profitable products slide down the heart of business enterprise network technology.

On Monday, Robbins, Cisco senior vice president of field operations worldwide, will begin its first working day as company CEO. Chambers will remain as chairman.

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