We’re all glad that the Hurricane Irene rampage and floods are all behind us. Even though the massive clean-up efforts will take many months, the process has begun. Much like the National Weather Service and FEMA trying to manage all of the variations of tracking the hurricane and the effects on people and property, our service providers are trying to manage the millions of mobile connections, cloud-based applications, and zetabytes of data on their networks.
At Cisco, our strategy has focused on empowering the network by adding intelligence and integrating together advanced solutions that address customer requirements in the fast-moving, constantly growing, competitive service provider market. Our internal R&D expenditures last year reached $5 billion, surpassing all of our networking industry peers combined. Across the board, Cisco is known for delivering industry-leading solutions directly, via partners, and through acquisitions.
Last week Cisco announced its intent to acquire the service fulfillment software assets and associated employees from the UK subsidiary (formerly Axiom Systems) of parent company Comptel Corporation. Let me tell you why I’m excited for our customers by this.
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