Cisco is ramping up focus on IoT and cloud, moving its Internet of Everything (IoE) and cloud businesses from being stand-alone operations to being within its primary functions.
Incoming CEO, Chuck Robbins — who steps into the role on 27 July after a three month transition period — announced the moves in a blog post, saying: they would “accelerate our momentum in the Internet of Everything (IoE) and cloud.”
“We have incubated both of these businesses as standalone organisations, but we now have the opportunity to integrate them within our primary functions. To that end, we are moving IoE and cloud engineering into our Engineering organisation, IoE and cloud services pieces into our services business, and IoE and cloud sales into our worldwide sales team.”
He said the changes would “allow us to scale these businesses as we see increased customer engagements globally.”
Cisco selling video CPE business to Technicolor
He also announced the sale of Cisco’s service provider video customer premise equipment (CPE) business to Technicolor, for $US600m (Technicolor rather misleadingly announced the move by saying it was acquiring Cisco’s CPE business).
Robbins said: “With this move, we are prioritising our investments to deliver on our strategy of video in the cloud, and will partner with Technicolor to position the CPE business and its employees for future success. This is a win for us, a win for Technicolor, and a win for our customers, partners and employees.
He added: “This market is moving extremely fast, and now is the right time for the right company, Technicolor, to drive the future of the SP Video CPE business and deliver what our customers and partners need going forward.