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COMPUTER HARDWARE & SERVICES | IT Services / Networking
cisco.com

Investments

243

Portfolio Exits

95

Funds

2

Partners & Customers

10

Service Providers

3

About Cisco

Cisco (NASDAQ: CSCO) provides networking solutions. It manufactures and sells internet protocol (IP)-based networking products to the communication and information technology (IT) industry. The company's major products include switches, routers, network access, internet protocol telephony, optical networking, security, storage area networking, home networking, and wireless technology. It provides these products and services for transporting data, voice, and video traffic across the internet, intranets, and extranets. The company was founded in 1984 and is based in San Jose, California.

Headquarters Location

170 West Tasman Drive

San Jose, California, 95134,

United States

800-553-2447

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Expert Collections containing Cisco

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Cisco in 4 Expert Collections, including Fortune 500 Investor list.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

C

Conference Exhibitors

5,302 items

T

Telehealth

2,856 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

A

Advanced Manufacturing

5,095 items

Companies in the advanced manufacturing tech space, including companies focusing on technologies across R&D, mass production, or sustainability

Latest Cisco News

Worldwide: GT Newsletter | Competition Currents | February 2024 - Greenberg Traurig, LLP

Feb 21, 2024

FTC sues to block Novant Health's Acquisition of twohospitals from Community Health Systems. On Jan. 25, 2024, the FTC sued to block Novant Health,Inc. 's $320 million acquisition of two North Carolina hospitalsfrom Community Health Systems, Inc. The FTC argued that thisacquisition could lead to higher health care costs for patients andreduce incentives for quality and innovative care. According to theFTC, if the deal proceeded, Novant Health, one of the largesthospital systems in the southeastern United States, could controlnearly 65% of the market for inpatient general acute care servicesin the Eastern Lake Norman Area, potentially allowing them todemand higher rates for services. The FTC is seeking a temporaryrestraining order and a preliminary injunction to halt thetransaction. 2. FTC launches inquiry into generative AI investments andpartnerships. On Jan. 25, 2024, the FTC announced it had issued orders toseveral companies, requiring them to explain recent investments andpartnerships involving generative AI companies and major cloudservice providers. This inquiry, conducted under Section 6(b) ofthe FTC Act, aims to examine corporate partnerships and investmentswith AI providers and their impact on the competitive landscape.The FTC is concerned about potential distortions of innovation andfair competition resulting from these partnerships. Companiesinvolved in multibillion-dollar investments of this nature arespecifically targeted. The FTC is seeking information related tothe specific investments or partnerships, their practicalimplications, competitive impact, competition for AI resources, anddisclosures to other government entities. The companies have 45days to respond to the FTC orders. 3. FTC announces 2024 update of size-of-transactionthresholds for premerger notification filings. On Jan. 22, 2024, the FTC approved updated jurisdictionalthresholds and filing fees for the Hart-Scott-Rodino (HSR)Antitrust Improvements Act of 1976. These revisions are madeannually, with the size-of-transaction threshold for reportingproposed mergers and acquisitions under the Clayton Act increasingfrom $111.4 million to $119.5 million for 2024. These changes applyto transactions closing after the notice's March 6, 2024,effective date, which is 30 days after publication in theFederal Register . These adjustments are based on changes in thegross national product and consumer price index as mandated by theHSR Act and the 2023 Consolidated Appropriations Act. 4. FTC announces 2024 jurisdictional threshold updates forinterlocking directorates. On Jan. 12, 2024, the FTC approved updated jurisdictionalthresholds for Section 8 of the Clayton Act, which deals withinterlocking directorates. In 2024, the thresholds for triggeringprohibitions on certain interlocking memberships on corporateboards of directors are set at $48,559,000 for Section 8(a)(1) and$4,855,900 for Section 8(a)(2)(A). These revised thresholds tookeffect Jan. 22, 2024, upon their publication in theFederal Register . 5. FTC publishes inflation-adjusted civil penalty amountsfor 2024. On Jan. 11, 2024, the FTC announced it had adjusted the maximumcivil penalty amounts for violations of 16 provisions of law thatthe agency enforces, in accordance with the Federal Civil PenaltiesInflation Adjustment Act Improvements Act of 2015. The Act mandatesannual inflation adjustments based on a prescribed formula. Theupdated maximum civil penalty amounts, effective upon publicationin the Federal Register on Jan. 10, include an increase from$50,120 to $51,744 for violations of specific sections of the FTCAct, the Clayton Act, and the Energy Policy and Conservation Act.Violations of Section 10 of the FTC Act see an increase from $659to $680. Additionally, violations of Section 814(a) of the EnergyIndependence and Security Act of 2007 result in an increase from$1,426,319 to $1,472,546. The maximum civil penalty amounts forother law violations within the FTC's jurisdiction are detailedin the Federal Registernotice . 6. Statement on FTC's securing temporary block ofIQVIA's acquisition of Propel Media. On Jan. 3, 2024, the FTC issued a statement about the impendingIQVIA Holdings Inc. acquisition of Propel Media, Inc. On Dec. 29, 2023, the U.S. District Court for the SouthernDistrict of New York granted the FTC's request for apreliminary injunction to prevent IQVIA Holdings Inc. fromacquiring Propel Media, Inc. The court order temporarily blocks theallegedly anticompetitive merger, which the FTC believes would leadto increased health care prices. The acquisition, challenged by theFTC in a July 17, 2023, lawsuit, aimed to give IQVIA a dominantposition in programmatic advertising targeting health careprofessionals. The preliminary injunction is considered asignificant victory for the FTC, marking its fourth successfulmerger challenge in less than a month. The order follows previouswins against Illumina's acquisition of Grail, John Muir'stakeover of San Ramon Regional Medical Center, and Sanofi'sacquisition of Maze Therapeutics' Pompe disease drug. On Feb.2, the court approved the parties' motion to terminate theproposed acquisition. B. Department of Justice (DOJ) 1. Justice Department joins lawsuit challenging NationalCollegiate Athletics Association (NCAA)'s transfer eligibilityrule. On Jan. 18, 2024, the Justice Department joined a civilantitrust lawsuit along with 10 states and the District of Columbiachallenging the NCAA's Transfer Eligibility Rule. The suitalleges the rule unreasonably restricts college athletes'freedom to transfer between academic institutions, limiting theireligibility for intercollegiate contests if they transfer more thanonce, which, in turn, denies them educational opportunities.Plaintiffs in the lawsuit, initially filed by seven states,received a temporary restraining order based on concerns that therule likely violates the Sherman Act. The amended complaint addsthe United States, Minnesota, Mississippi, Virginia, and theDistrict of Columbia as co-plaintiffs. Assistant Attorney General Jonathan Kanter emphasized theimportance of allowing college athletes to freely chooseinstitutions based on their academic, personal, and professionaldevelopment needs without anticompetitive restrictions. The lawsuitalleges that the one-time-transfer rule unreasonably restrainscompetition in various Division I sports, forcing athletes whotransfer more than once to sit out an entire season before beingeligible to compete at their new school. This restriction allegedlylimits college athletes' bargaining power and harms both theireducational and athletic experiences. 2. Justice Department and FTC hold trilateral meeting withcompetition enforcers from Mexico and Canada. On Jan. 23, 2024, the Justice Department participated in atrilateral meeting in Mexico City with antitrust enforcers fromMexico's Federal Economic Competition Commission, Canada'sCompetition Bureau, and the FTC. The meeting covered competition inthe technology and platform sectors, the impact on labor markets,and new enforcement tools. Assistant AG Kanter emphasized theshared goal of preserving and protecting fair competition among thethree countries, while FTC Chair Lina Khan highlighted theimportance of collaboration to promote fair competition and protectthe public from anticompetitive tactics. The foundation for these meetings lies in cooperation agreementsfrom 1995, 1999, and 2001 between the United States, Canada, andMexico, committing agencies to coordinate and cooperate forconsistent and effective antitrust enforcement. 3. Justice Department and FTC update guidance reinforcingparties' preservation obligations for collaboration tools andethereal messaging. On Jan. 26, 2024, the Justice Department's AntitrustDivision and the FTC jointly announced updates to their standardpreservation letters and specifications for governmentinvestigations and litigation. These updates address the growinguse of collaboration tools and ephemeral messaging platforms in themodern workplace, reinforcing the obligation of companies topreserve materials during such proceedings. Deputy Assistant AGManish Kumar stated that these updates ensure opposing counsel andcompanies cannot claim ignorance when conducting business throughephemeral messages, emphasizing that failure to produce suchdocuments may result in obstruction of justice charges. FTC Bureau of Competition Director Henry Liu emphasized thatlegal responsibility applies to new collaboration andinformation-sharing tools, including those with ephemeral messagingcapabilities. As companies increasingly adopt technologies thatallow for immediate and irretrievable destruction of communicationsand documents, the FTC emphasizes the need to properly retain suchdata during government investigations and litigation. Thisannouncement highlights the ongoing cooperation between theAntitrust Division and the FTC's Bureau of Competition inenforcing antitrust laws and addressing related issues. C. U.S. Litigation 1. Verax Biomedical Inc. v. Am. Nat'l Red Cross,Civil Action No. 23-10335 (D. Mass.) On Jan. 19, 2024, a federal district court in Massachusetts ruled that theAmerican Red Cross (ARC) was immune from antitrust claims becauseof its federal charter and public functions, largely dismissing anantitrust suit filed by Verax, a Massachusetts company thatdevelops and sells tests for detecting bacterial grown inplatelets, including PGDprime. In July 2020, ARC announced plans tostop selling untreated platelets and to perform pathogen reductiontreatment (PRT) on all platelets prior to sale. ARC entered into anexclusive dealing contract with Cerus Corp., which produces theINTERCEPT Blood System, the only FDA-approved PRT technology forplatelets. Verax alleges that this contract will make it impossiblefor hospitals to purchase mitigation services from Verax, as theFDA has not endorsed pairing rapid secondary tests like PGDprimewith PRT technologies like INTERCEPT. Verax filed suit against ARC on Feb. 14, 2023. Verax raisedthree counts under the Sherman Act (tying, exclusive dealing, andattempted monopolization) and three counts under state law (unfairmethods of competition and unfair and deceptive practices,defamation, and tortious interference with contractual relations).ARC moved to dismiss all counts on April 17, 2023, and the UnitedStates filed a statement of interest under 28 U.S.C. § 517,arguing that contrary to ARC's assertions, ARC could be suedunder the Sherman Act. On Jan. 19, Judge Saris dismissedVerax's tying, extensive dealing, attempted monopolization, anddefamation claims. The court found that ARC's status as afederal instrumentality, first chartered by the government in 1900,put it outside the Sherman Act's reach. Although the courtfound the issue "close," the ruling explained that givenARC's charter and public work, it could not be considered a"person separate from the United States itself. "Plaintiff's tortious interference and contractual relationsclaims survived the motion. 2. Dexon Computer, Inc. v. Cisco Systems, Inc., et al.,Case No. 5:22-CV-00053-RWS-JBB (E.D. Tex) On Jan. 17, five days before trial, a federal district court inTexas fully adopted a magistratejudge's recommendations to (1) preserve plaintiff DexonComputer's monopolization claims against Cisco Systems and (2)dismiss allegations of an anticompetitive conspiracy in restraintof trade and the alleged anticompetitive tying of service toequipment sales. This case is intertwined with a California federalcourt litigation Cisco filed against Dexon, where Cisco won anorder blocking Dexon from selling counterfeit Cisco products. Dexonsued both Cisco and CDW Corp. in Texas after its antitrustcounterclaims were dismissed in the California lawsuit. Dexon alleges that Cisco is "a monopolist in severalworldwide and U.S. markets related to networking equipment andservices for the internet" and that Cisco "employed fear,uncertainty, and doubt ("FUD") tactics to foreclosecompetitive purchases of any product and maintain supracompetitivepricing for its products." Dexon also alleges Cisco"conspired with Defendant CDW to sell Cisco equipment in theRelevant Networking Markets to maintain its supracompetitivepricing in those Markets and exclude other resellers from makingsales in the Relevant Networking Equipment Markets to end-usercustomers in violation of federal and state antitrust laws. "Plaintiff asserts the agreement between defendants Cisco and CDWreflects an unreasonable restraint of trade and a conspiracy tomonopolize unlawful under Sections 1 and 2 of the Sherman Act.Plaintiff also asserts claims under "Section 1 of the ShermanAct for per se tying the Relevant Product Markets, under Section 2of the Sherman Act for unlawful monopolization of the RelevantNetworking Equipment Markets and for unlawful attemptedmonopolization of the Relevant Product Markets against Cisco, andunder the Texas Free Enterprise and Antitrust Act against Cisco andCDW." The magistrate judge issued a 150-page report and recommendation("R&R"), recommending that "CDW's summaryjudgment motion be granted on the discrete issue of fraudulentconcealment but that, due to the necessary credibilitydeterminations, the issue of CDW's specific intent tomonopolize be considered in light of a full factual record attrial" and that "Defendants' summary judgment motionsbe granted as to Dexon's § 1 conspiracy claim... and§ 1 tying claim." Otherwise, the magistrate recommendeddefendants' summary judgment motions be denied. CDW has since settled out of the action. Both Dexon and Ciscofiled objections. Cisco objected to the R&R's determinationthat a genuine issue of material fact exists as to whether Ciscoengaged in anticompetitive conduct. Cisco argued (1) "that thealleged FUD tactics cannot support Dexon's monopolyclaims"; (2) "that its resolution of software auditscannot support a Sherman Act § 2 claim," and (3)"that conduct allegedly similar to tying cannot support themonopoly claims." Cisco also objected to the R&R'sfinding that "there is no genuine issue of material fact thatDexon has not shown antitrust injury." Dexon also objected tothe R&R arguing that the "R&R improperly weighed theuncontroverted findings of marketwide harm by its economicexpert" and to the finding that "Dexon could not showantitrust injury in its per se tying theory." The parties'objections were rejected, and the judge ordered that the magistratejudge's report and recommendation be adopted as the opinion ofthe district court. The Netherlands 1. ACM publishes draft guidelines regarding the DigitalServices Act. The EU Digital Services Act (DSA) is part of a package of new regulations onthe digital economy aiming to protect companies and consumersagainst unfair competition or illegal practices, among otherthings. The DSA will apply in the Netherlands and elsewhere laterin 2024, and has applied to large platforms and search enginessince 2023. To prepare companies and organizations for what the DSAmeans for them and what rules they must comply with, the DutchCompetition Authority (ACM) has drawn up draft guidelines, whichprovide additional explanations and practical examples to guideintermediary service providers on various obligations arising fromthe DSA. 2. The ACM updates its Farmer CooperationGuidelines. The ACM has updated its guidelines on competition in theagricultural sector, originally published in September 2022. Theupdated guidelines outline permissible forms of collaboration amongfarmers in accordance with competition law rules, and provideconcrete tools to help farmers and other market parties in theagricultural sector set up joint sustainable initiatives. Theupdated guidelines seek to contribute to the sustainable productionand trade of agricultural products. Furthermore, the ACM is open toinformal discussions with stakeholders regarding sustainabilityinitiatives. Poland A. UOKiK fines Dahuan Technology Poland and distributorsPLN36 million for anticompetitiveagreement. The President of the Polish Office of Competition and ConsumerProtection (UOKiK) fined Dahua Technology Poland PLN 35 millionafter investigating price fixing and market sharing within thecompany's distribution network. The company is an exclusive importer and distributor ofDahua's electronic monitoring equipment in Poland, operatingthrough its distributors, appointed for wholesale or retailresales. The UOKiK President's investigation revealed that thecompany had influenced the pricing policy of its distributors since2016. The company set minimum prices, provided information onmaximum discounts, and imposed rigid prices within promotionalframeworks. Distributors were also asked to apply resale prices setby channel partners, with Dahua monitoring the compliance. The investigation also revealed market sharing wherein the firstdistributor to report a large-amount deal, with a higher discountand project protection, discouraged other distributors fromoffering competitive prices for the same project. According to theUOKiK President, such practices restricted customer choice, forcingthem to use the first distributor's offer. UOKiK fined Dahua and its six distributors, and also fined sevenmanagers PLN 739,125.00 (approx. EUR 170,000) in total. Thedecision is subject to appeal. Under the Polish law, a companyinvolved in competition-restricting practices may be fined up to10% of its turnover in the preceding year, while individualmanagers responsible for carrying out the collusion face a penaltyof up to PLN 2 million. Anticompetitive provisions are null andvoid. Entities harmed by an anticompetitive agreement may also seekcivil damages. B. Following UOKiK's intervention, Polish FootballAssociation and Ekstraklasa change practices in favor ofbookmakers. UOKiK launched explanatory proceedings regarding the practicesemployed by the Polish Football Association (PZPN) and EkstraklasaS.A. (Ekstraklasa)—the organizer of Poland's top soccerleague (the Entities). UOKiK's main concern was the method ofcalculating authorization fees to use soccer games results. UOKiKestablished that PZPN was charging bookmakers 0.5% of their totalgross revenue, rather than revenue only generated in relation tothe games organized by the Entities. According to UOKiK this couldpotentially amount to an abuse of a dominant position. During the investigation, the Entities changed their method ofcalculating fees charged for using soccer games results to onlyconsider revenues gained from betting on Polish club games.Additionally, they lowered the fee rate. PZPN is now on track torenegotiate their contracts with betting companies. UOKiK foundthat such measures are sufficient and decided not to pursue thecase further. The case demonstrates a business agreeing with UOKiK andchanging its questioned practices at a preliminary stage to avoidfurther investigation. This is not always possible, as it dependson various circumstances including the type of the allegedinfringement. Explanatory proceedings are a separate type ofproceedings, usually launched at a preliminary stage. They are notlaunched against any particular entity and involve no fines.Depending on the outcome of such explanatory proceedings (e.g.,gathered evidence) UOKiK may launch separate, antimonopolyproceedings against a particular entity. Italy 1. ICA authorizes acquisition of sole control of BancomatS.p.A. by Italian asset management company. On Jan. 10, 2024, ICA cleared FSI SGR S.p.A.'s acquisitionof Bancomat S.p.A. FSI is a major Italian asset managementcompany. Bancomat, in which some of Italy's main banks have a stake,manages the Italian withdrawal and payment circuits Bancomat,PagoBancomat, and Bancomat Pay. According to ICA, in 2022 more thana third of the debit card transactions in Italy (both in terms ofnumber and of value) were processed through such circuits. With thecapital increase to which it committed, as well as the shareholderagreement provisions, FSI will have sole control over the companywhile holding 43% of Bancomat's share capital. The merger generated competition concerns for ICA givenFSI's control of BCC Pay S.p.A., a digital payment company andprovider of wholesale merchant acquiring and issuing services forthe ICCREA Group, which relies on Bancomat services. However, asICA established, the merger does not risk significantanticompetitive effects either in the upstream market of issuingservices or in the downstream one for the wholesale merchantacquiring services. According to ICA, in addition to the fact that BCC Pay'sposition on the issuing market is marginal, FSI, beingBancomat's parent company, will have no incentive to limit theterms and conditions of the services provided to BCC Paycompetitors, as this would go against Bancomat's own commercialinterest. 2. ICA closes investigation into certain airlines as to apossible anticompetitive agreement regarding raising of airlineticket prices during the holidays. On Jan. 2, 2024, ICA closed its preliminary investigation thatbegan in December 2022 against several airlines regarding apossible anticompetitive agreement for economy-class passenger airtransport service on routes between the Sicilian airports ofCatania and Palermo and the main cities of central and northernItaly: Rome, Milan, Turin, and Bologna. ICA initiated the investigation based on a consumers'association report, after a press campaign highlighted the priceincreases for air travel to Sicily during the Christmas holidays.Specifically, the increase in economy-ticket prices was deemedpossibly attributable to collusive intent on the part of theairlines operating on those routes. The region of Sicily filed itsown complaint. The investigation, which included office inspections, closedwith no charges brought, as the evidence gathered was insufficientto corroborate ICA's claims. However, ICA maintains that the price surges may stem fromreasons other than the alleged collusion. Therefore, on Nov. 14,2023, ICA opened a sector inquiry to investigate the algorithmsused to define airline offers and to identify competitionissues. European Union 1. European Commission accepts Renfe's behavioral remedypackage after abuse probe. The European Commission has accepted Spanish state-owed railwayoperator Renfe's behavioral remedy package to prevent abuse ofdominance, addressing preliminary competition concerns. In April2023, the Commission opened a formal investigation into concernsover Renfe's refusal to supply full content and real-time datato rival ticketing platforms. Renfe has committed to,interalia, providing access to all current and future content anddata on its online channels to third-party platforms, with specificconditions on receiving access. The remedy package is legallybinding for an indefinite period, and a monitoring trustee willoversee compliance for 10 years. 2. European Commission opens phase II investigation intoproposed transaction involving Lufthansa/ITA Airlines. The European Commission has opened an in-depth investigation(phase II) into the proposed acquisition of joint control of ITAAirways by Deutsche Lufthansa AG and the Italian Ministry ofEconomy and Finance. The Commission has concerns the transactionmay reduce competition in the market for passenger air transportservices on several short-haul and long-haul routes in and out ofItaly. The parties offered commitments to eliminate competitionconcerns, but the Commission found these insufficient. TheCommission has until June 6, 2024, to issue a decision. 3. Six major Norwegian Salmon producers suspected ofbreaching EU competition rules. The European Commission has sent a statement of objections tosix Norwegian salmon producers regarding potential EU competitionlaw violations by colluding to distort competition in the marketfor spot sales of Norwegian farmed Atlantic salmon. The Commissionis concerned that between 2011 and 2019 the producers exchangedcommercially sensitive information to reduce market uncertainty inspot sales, focusing on prices, volumes, and other factors. Ifconfirmed, this conduct would constitute a breach of the cartelprohibition provision of Article 101 of the Treaty on theFunctioning of the European Union. 4. European Commission proposes reforms to the FDI screeningregime. The European Commission has adopted five initiatives tostrengthen EU economic security, mandating that all EU memberstates adopt a foreign direct investment (FDI) screening regime andtake steps to monitor outbound investments. In furtherance of thisgoal, the Commission released a package of measures including alegislative proposal to address inefficiencies and shortcomingswithin the current EU FDI screening regime. The Commission proposesto ensure all EU countries have a screening mechanism to reviewforeign investments in EU companies active in critical areas,including semiconductors, artificial intelligence, criticalmedicines, and dual-use and military items. The Commission alsointends to start assessing EU outbound investments, given concernsthat EU investments abroad into certain advanced technologies couldbolster foreign military and intelligence. The aim is to harmonizedifferences between national mechanisms to ensure a level fieldbetween countries and reduce foreign investors' compliancecosts. 5. European Commission conducts dawn raids at world'sbiggest tire companies. The European Commission has conducted unannounced inspections atthe premises of the world's biggest tire companies –namely Michelin, Bridgestone, Continental, Goodyear, Pirelli, andNokian Tyres – due to concerns that these companies haveengaged in price-fixing behavior. These dawn raids follow scrutinyof the tire market by competition agencies elsewhere. Greater China China Raises Turnover-Based Thresholds for MandatoryMerger Control Notification On Jan. 26, 2024, China released the long-awaitedAmendedProvisions on Thresholds for Declaration of Concentration ofUndertakings(Amended Provisions), replacing the originalthresholds, which were in place since 2008. Compared with theoriginal thresholds, the Amended Provisions significantly raise theturnover-based thresholds for mandatory merger control notificationdue to the rapid growth in size of transactions in China since2008. Fewer transactions are expected to be captured by China'smandatory notification regime with the Amended Provisions inplace. Pursuant to the Amended Provisions, transactions, includingmergers, acquisitions, and joint ventures, will be subject tomandatory notification to the Anti-Monopoly Bureau of China (AMB)before implementation (and regardless of whether the transactionoccurs) if either of the following two economic tests issatisfied: 1) the aggregate worldwide turnover of all parties involved inthe transaction in the preceding financial year is greater than RMB12 billion (previously, RMB 10 billion), and the nationwideturnover within China of each of at least two of the partiesinvolved in the preceding financial year is greater than RMB 800million (previously, RMB 400 million); or 2) the aggregate nationwide turnover within China of all partiesinvolved in the transaction in the preceding financial year isgreater than RMB four billion (previously, RMB two billion), andthe nationwide turnover within China of each of at least two of theparties involved in the preceding financial year is greater thanRMB 800 million (previously, RMB 400 million). The nationwide turnover threshold as stated in the second prongin each of the two economic tests has been raised 100% from RMB 400million to RMB 800 million. This will exclude many small- andmedium-sized transactions from mandatory notification. In 2022, China proposed to add a new hybrid test combining botheconomic indicators of turnovers and market value, intending tocapture competition-sensitive "killeracquisitions"—a big company acquiring its nascentcompetitor—under the mandatory notification regime. The 2022proposal described the new hybrid test as a concentrationtransaction where (a) one party involved in the transaction hasgenerated turnover of greater than RMB 100 billion in China in thepreceding financial year, and (b) the valuation of the other partyinvolved is no less than RMB 800 million and at least one-third ofsuch party's total worldwide turnover in the precedingfinancial year is generated from China. Following a year-longdiscussion within AMB and with the industries, this proposed hybridtest was removed from the final Amended Provisions. The Amended Provisions retain a provision enabling AMB tointervene in transactions failing the economic tests above, i.e.,to require the parties to a concentration transaction to reportwith evidence to AMB if the proposed transaction may haveanticompetitive effect. Japan JFTC conducts special survey on efforts to facilitateprice shifting of cost increases with respect to "Abuse ofDominant Bargaining Position" under the AntimonopolyAct. On Dec. 27, 2023, the Japan Fair Trade Commission (JFTC)announced that it conducted a special survey on efforts tofacilitate price shifting of cost increases with respect to"Abuse of Dominant Bargaining Position" under theAntimonopoly Act. Under the Antimonopoly Act, if a businessoperator whose position in a transaction is superior to that of thecounterparty unilaterally requests that the counterparty trade withit at a significantly lower price, this may constitute an abuse ofdominant bargaining position. The JFTC conducted its first written surveys of 110,000 businessoperators (both contractors and purchasers) and its second writtensurveys of 3,064 purchasers named by contractors in the firstwritten survey. In addition, on-site surveys were conducted in 349cases based on the results of the written surveys. Then, a letterof warning was sent to 8,175 purchasers whose actions may fallunder the Abuse of Dominant Bargaining Position. The results revealed that price shifting did not follow arational economic formula as one moved up the transaction ladder,i.e., from consumers to service providers, first subcontractors,second subcontractors, and so on. In the service industry, forexample, price shifting was difficult because labor costs are asignificant portion of the overall costs, and therefore the overallprice. The high costs of a significant input reduced the ability toshift costs among different levels of purchasers. In the supplychain of the building maintenance, security, and road freighttransportation industries, there are multiple subcontractinglevels, preventing linear price shifting from one level of selleror provider to the next. In response to these issues, the JFTC has disseminated thePolicy under the Antimonopoly Act on price shifting, explaining thepolicy individually to those firms that received the alertletters. MoginRubin A federal judge in Massachusetts has blocked JetBlue Airways' $3.8 billion purchase of Spirit Airlines, finding the deal would fly in the face of the spirit of antitrust law. Squire Patton Boggs LLP On January 22, 2024, the Federal Trade Commission (FTC) announced revised filing fees and jurisdictional thresholds for premerger notification filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR). Proskauer Rose LLP The Federal Trade Commission has announced revisions to HSR Act and Clayton Act Section 8 thresholds, which are indexed annually in alignment with prior year economic activity. Lowenstein Sandler Competition creates significant consumer benefits including increased innovation, increased efficiency of companies making and selling products and services...

Cisco Investments

243 Investments

Cisco has made 243 investments. Their latest investment was in Actility as part of their Series E on December 07, 2023.

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Cisco Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/7/2023

Series E

Actility

$17.24M

Yes

3

9/27/2023

Series A

Gem Security

$23M

Yes

4

1/16/2023

Grant

One Acre Fund

Yes

1

9/7/2022

Series B

Subscribe to see more

$99M

Subscribe to see more

10

8/3/2022

Series D

Subscribe to see more

$99M

Subscribe to see more

10

Date

12/7/2023

9/27/2023

1/16/2023

9/7/2022

8/3/2022

Round

Series E

Series A

Grant

Series B

Series D

Company

Actility

Gem Security

One Acre Fund

Subscribe to see more

Subscribe to see more

Amount

$17.24M

$23M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

4

1

10

10

Cisco Portfolio Exits

95 Portfolio Exits

Cisco has 95 portfolio exits. Their latest portfolio exit was 4Paradigm on September 28, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/28/2023

IPO

$99M

Public

2

1/11/2023

Acquired

$99M

5

1/5/2023

Divestiture

$99M

7

3/4/2021

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

10/13/2020

Corporate Majority

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$99M

Subscribe to see more

10

Date

9/28/2023

1/11/2023

1/5/2023

3/4/2021

10/13/2020

Exit

IPO

Acquired

Divestiture

Acquired

Corporate Majority

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Subscribe to see more

Subscribe to see more

Sources

2

5

7

10

10

Cisco Acquisitions

229 Acquisitions

Cisco acquired 229 companies. Their latest acquisition was Isovalent on December 21, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/21/2023

Series B

$99M

$69M

Acquired

8

9/21/2023

Series C

$99M

$40M

Acq - Pending

7

8/10/2023

$99M

Acquired Unit

1

8/1/2023

Seed / Angel

Subscribe to see more

$99M

$99M

Subscribe to see more

10

7/14/2023

Series A

Subscribe to see more

$99M

$99M

Subscribe to see more

10

Date

12/21/2023

9/21/2023

8/10/2023

8/1/2023

7/14/2023

Investment Stage

Series B

Series C

Seed / Angel

Series A

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$69M

$40M

$99M

$99M

Note

Acquired

Acq - Pending

Acquired Unit

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Sources

8

7

1

10

10

Cisco Fund History

2 Fund Histories

Cisco has 2 funds, including Cisco Internet of Things Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/30/2014

Cisco Internet of Things Fund

$150M

1

Country Digital Acceleration

$99M

10

Closing Date

4/30/2014

Fund

Cisco Internet of Things Fund

Country Digital Acceleration

Fund Type

Status

Amount

$150M

$99M

Sources

1

10

Cisco Partners & Customers

10 Partners and customers

Cisco has 10 strategic partners and customers. Cisco recently partnered with Splunk on February 2, 2024.

Date

Type

Business Partner

Country

News Snippet

Sources

2/9/2024

Partner

United States

Cisco's $28 billion Splunk deal set for March 13 EU antitrust decision

San Jose , California-based Cisco Systems Inc already has a data-security partnership with Splunk , which counts Coca-Cola , Intel and Porsche among its more than 15,000 customers .

1

2/9/2024

Partner

United States

International Day of Education 2024: Spotlight on Cisco’s Education Non-Profit Partnerships

In partnership with Cisco Foundation , the Raspberry Pi Foundation has extended its reach to young people who are taking their first steps in learning to code .

1

2/6/2024

Partner

Malaysia

Universiti Teknologi Malaysia and Cisco redefine learning with smart classroom transformation

Therefore , building on its ten-year-long partnership to equip students with relevant technical skills and industry experience through Cisco Networking Academy , one of the longest standing IT-skills-to-jobs programs in the world , UTM and Cisco Networking Academy have worked together to redefine how learning environments and meeting spaces are designed , deployed , and managed across campuses .

1

2/6/2024

Partner

United States

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10

2/6/2024

Partner

United States, Belgium, Canada, and

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10

Date

2/9/2024

2/9/2024

2/6/2024

2/6/2024

2/6/2024

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

United States

United States

Malaysia

United States

United States, Belgium, Canada, and

News Snippet

Cisco's $28 billion Splunk deal set for March 13 EU antitrust decision

San Jose , California-based Cisco Systems Inc already has a data-security partnership with Splunk , which counts Coca-Cola , Intel and Porsche among its more than 15,000 customers .

International Day of Education 2024: Spotlight on Cisco’s Education Non-Profit Partnerships

In partnership with Cisco Foundation , the Raspberry Pi Foundation has extended its reach to young people who are taking their first steps in learning to code .

Universiti Teknologi Malaysia and Cisco redefine learning with smart classroom transformation

Therefore , building on its ten-year-long partnership to equip students with relevant technical skills and industry experience through Cisco Networking Academy , one of the longest standing IT-skills-to-jobs programs in the world , UTM and Cisco Networking Academy have worked together to redefine how learning environments and meeting spaces are designed , deployed , and managed across campuses .

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Sources

1

1

1

10

10

Cisco Service Providers

3 Service Providers

Cisco has 3 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acquired

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Acquired

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

Cisco Team

362 Team Members

Cisco has 362 team members, including current Chief Executive Officer, David Habiger.

Name

Work History

Title

Status

David Habiger

Chief Executive Officer

Current

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Name

David Habiger

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Work History

Title

Chief Executive Officer

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Status

Current

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