Cisco Reorgs CDO
SAN JOSE, Calif. -- Cisco today announced a new organizational model in its technology development organization intended to optimize the company's ability to drive development of the next phase of communications technologies. The changes within the Cisco Development Organization (CDO) are designed to enhance Cisco's effectiveness and efficiency in delivering integrated products and solutions, as well as to provide greater synergies in its development process.
"Cisco is entering what we believe will be the next phase of Internet growth and productivity centered on the demands of tremendous video growth, the revolution in the data center, and collaboration and networked Web 2.0 technologies, where the network becomes a platform for all communications and IT," said John Chambers, chairman and CEO, Cisco. "The evolution of our development organization reflects our continued commitment to customer success and to successfully executing on new market opportunities."
"We believe this new organization will enable us to better execute our strategy to define next generation[s] communications and IT," said Charlie Giancarlo, executive vice president and chief development officer, Cisco. "The pace and magnitude of this innovative phase will define a new era of how we work, live, play and learn. This new organizational model is designed to drive greater integration, innovation, quality and efficiency in everything we do and reflects Cisco's continued commitment to customer success as we expand into new market opportunities."
Cisco Systems Inc. (Nasdaq: CSCO)