Cisco's IoT Leader Finds Other Things to Do

Not even a future $19 trillion market can keep Guido Jouret, Cisco's Internet of Things leader, at the company.

Dan Jones, Mobile Editor

May 12, 2014

1 Min Read
Cisco's IoT Leader Finds Other Things to Do

Cisco's vice president and general manager of the Internet of Things (IoT) Group is leaving the company.

Blogger Brad Reese first revealed that Guido Jouret has resigned from the networking giant. The Wall Street Journal later reported that, according to Cisco, Jouret is leaving to "pursue a new opportunity."

Rob Soderbery, SVP of Cisco's enterprise networking group, which oversees the IoT division, will now directly manage it.

Cisco Systems Inc. (Nasdaq: CSCO) CEO John Chambers has been a vocal advocate of the opportunities represented by machine-to-machine (M2M) and the IoT. He has previously pegged the market size at $19 trillion. (See Chambers Caught in 90s Deja Vu.)

The company has also recently boosted the amount of funding it has on hand for startups by an extra $150 million to $250 million, with early-stage IoT/Internet of Everything companies being one of the main targets for investments. (See Cisco Investments Gets $150M Boost.)

— Dan Jones, Mobile Editor, Light Reading

About the Author(s)

Dan Jones

Mobile Editor

Dan is to hats what Will.I.Am is to ridiculous eyewear. Fedora, trilby, tam-o-shanter -- all have graced the Jones pate during his career as the go-to purveyor of mobile essentials.

But hey, Dan is so much more than 4G maps and state-of-the-art headgear. Before joining the Light Reading team in 2002 he was an award-winning cult hit on Broadway (with four 'Toni' awards, two 'Emma' gongs and a 'Brian' to his name) with his one-man show, "Dan Sings the Show Tunes."

His perfectly crafted blogs, falling under the "Jonestown" banner, have been compared to the works of Chekhov. But only by Dan.

He lives in Brooklyn with cats.

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