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Cisco Systems

Leading maker of networking products and servers.

Headquarters:
170 West Tasman Dr.
San Jose, CA 95134
Employees: 75,049
CEO: John Chambers
Stock Symbol: CSCO

Website: http://www.cisco.com

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Cisco Systems is the world's leading networking company and makes the plumbing that powers the Internet. Networks are an essential part of business, education, government and home communications, and Cisco Internet Protocol-based (IP) networking solutions are the foundation of these networks.

It's the leading producers of hubs, routers and switches for networks and data systems.

Cisco has grown significantly via acquisitions. The company has acquired over 40 smaller technology companies over the past decade.

In fiscal 2014, Cisco reported revenues of $47.1 billion, down 3% from the previous year, and net income of $7.9 billion.

Cisco announced in August it would cut 6,000 jobs within the company due to lower sales in international markets.

History

Cisco was founded in 1984 by a small group of computer scientists from Stanford University. Since the company's inception, Cisco engineers have been leaders in the development of Internet Protocol (IP)-based networking technologies. The company takes its name from the city of San Francisco.

The company was incorporated on December 10, 1984.

In February 2006, Cisco completed the acquisition of Scientific Atlanta of Lawrenceville, GA, a leading global provider of cable and IPTV set-tops, data and voice cable modems, end-to-end video distribution networks, and video systems integration services.

In 2007, Cisco acquired WebEx, a company specializing in online video conferencing, for $3.2 billion.

Cisco was added to the Dow Jones Industrial Average Index in June 2009.

Cisco shut its Flip Video camera division in 2011.

Cisco sold its home networking division under the Linksys name to Belkin in 2013.

Benefits

Cisco offers employees base salary, bonus plan and stock option incentives. Other benefits include:

- Medical, Dental, and Vision Coverage- Employees have their choice of health care providers. Coverage is available for employees and their dependents.
- Life Insurance- Employees may elect to purchase coverage in amounts from 1 to 5 times annual salary.
- Business Travel Accident Insurance- Cisco Systems' BTA policy provides a additional life insurance and accidental dismemberment benefit.
- Disability Insurance- Both short-term and long-term disability insurance plans are available should an employee become unable to work for extended periods of time.
- 401K Savings Plan- Cisco employees may contribute from 1% to 15% of their compensation on a pre-tax basis to our 401k plan.
- Employee Stock Purchase Plan- This plan provides employees with the opportunity to acquire a stock ownership interest in Cisco.
- Employee Assistance Program- Cisco's Employee Assistance Program (EAP) is a confidential, voluntary program designed to help resolve personal problems. Information, consultation, and brief, solution-oriented therapy are provided by professionals at Personal Performance Consultants, Inc.
- Tuition Reimbursement- Cisco has a Tuition Reimbursement Program which reimburses its employees for 100% of the cost of tuition, books and lab fees for courses taken at an accredited institution (up to an annual maximum of $7,500).
- 20 days Paid-Time-Off per year- Cisco Systems provides regular full-time employees 20 days (160) hours of paid time away from work each year for outside activities, vacations, illness, personal business, etc.
- Holiday Observances- Cisco observes 9 holidays per year. The holidays typically include: New Year's Day, President's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Christmas Day, plus one "floating holiday".
- On-site Employee Training Courses- Cisco provides a broad variety of technical and job-related courses to support personal and professional growth.

Updated August 14, 2014