Cisco has made the determination with new leadership to move their business model to more Software-based as opposed to pushing so much hardware. This is far away from their normal form of business practice. The new CEO is shifting the company’s offerings toward software-based networking, security and management products, which customers increasingly prefer because they’re less expensive and more adaptable. Recent acquisitions such as Jasper Technologies, whose software allows companies to connect all sorts of electronic devices, and a new emphasis on security are helping make Cisco less dependent on its expensive, purpose-built hardware, especially as lackluster economic growth means corporate customers are reluctant to spend.
