This is to cooperate on various initiatives including Smart Cities, cyber security, Internet of Things, digitization of monuments and education. The company will set up a Center of Excellence at the T-Hub for startups and existing companies to bring ideas and use Cisco’s facilities and technology to create a product.
The platform, to be deployed in 2.2 km area near Hi-Tech City, will include smart Wi-Fi, smart parking, smart lighting and traffic analytics at key junctions. It will also comprise Remote Expert for Government Services, smart environmental sensors, smart waste management, and a smart control centre to monitor and manage the city with greater efficiency and effectiveness.
It is in talks with the government for the same. The company is very actively involved in India across the board and working on a broader base from digitisation to smart cities in the country. The country is home to Cisco’s second-largest site, which has about 11,000 employees. It is offering education to 24,000 students spread across 47 schools.
This was driven by significant traction in collaboration and security solutions. Globally, the US-based firm saw its net income dipping 4% to $2.3 Bn in the said quarter from the year-ago period, while revenue grew 3% y-o-y to $12 Bn.
Cisco has signed a MoU with the Andhra Pradesh government to set up an Internet of Everything Innovation center in Visakhapatnam. The center will enable the company’s partners and startups to build IoT solutions and carry out rapid prototyping of products. Cisco will also invest in developing a Technology center of Excellence and a research lab at the Institute of Digital Technology at Tirupati, which will focus on smart cities, digital security and manufacturing solutions.
Cisco Systems will invest over $100 Mn in India to support the country’s ambitious plan to connect thousands of its villages to the internet and create jobs, Executive Chairman John Chambers said on Friday. PM Modi has launched a series of initiatives under the ‘Digital India,’ ‘Skill India,’ and ‘Startup India’ schemes to connect millions of Indians to the Internet, create more tech jobs and move more services online. Cisco will invest $40 Mn of the total planned investment into funding early and mid-stage startups.
Cisco has acquired the IoT services platform provider Jasper for $1.4 billion reportsTechcrunch. Post acquisition, Jasper will continue to operate as usual, while its founder & CEO Jahangir Mohammad, will lead Cisco’s newly formed IoT software business unit under Rowan Trollope, IoT and collaboration SVP/GM. The deal is expected to close later this year and is subject to regulatory approval. Jasper provides an IoT services platform and a ‘Control Centre’ software to manage these services.
IT giant Cisco intends to invest $240 Mn in the startup space in India. The company is planning to work with startups, accelerators, developers, researchers, ecosystem partners and VCs. Moreover, the company is interested in startups working on products that have global appeal in sectors like cloud computing, mobile technologies and IOT sectors. Recently, many IT giants including Infosys & Wipro have shown interests in the startups arena.
On her first visit to India, post her exit from Cisco in September, the Cisco veteran told ET that she along with her entrepreneur-investor husband Mohandas Warrior are looking at some companies to invest in India. However, she ruled out joining the board of any Indian IT company. Having just been appointed to the board of Microsoft, Warrior said that there is a huge potential for moving services from offline to online. She was also said to be offered the top job at Twitter, eventually taken up by Jack Dorsey.