Corporate News Blog – Cisco Introduces Infrastructure Program for Smart Cities

Research Desk Line-up: Black Box Post Earnings Coverage

LONDON, UK / ACCESSWIRE / November 16, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Cisco Systems, Inc. (NASDAQ: CSCO) (“Cisco”), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=CSCO. The Company announced on November 14, 2017, together with private equity firm, Digital Alpha Advisors (“Digital Alpha”), and pension fund investors, APG Asset Management (“APG”) and Whitehelm Capital, a $1 billion City Infrastructure Financing Acceleration Program aimed at supporting the creation of smart cities around the world. The news was announced during the Smart City Expo World Congress event in Barcelona. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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City Infrastructure Financing Acceleration Program (CIFAP)

The program offers $1 billion in debt and equity capital, which will make it easier, faster, and more affordable for cities to fund and adopt advanced technologies, and to assemble the right type or suite of finance instruments to fund and deploy innovative technology with minimal initial investment. The program will support cities with solutions to problems including energy usage, traffic and parking, or public transportation ridership and revenues.

The funding will be available to cities and city service providers through traditional loans, revenue sharing, equity financing, and other methods.

Cisco and Partners Will Bring Capital and Expertise to Make Smart City Projects a Reality

Anil Menon, Global President of Cisco’s Smart+ Connected Communities, stated that funding is a major stumbling block for municipalities beginning their smart city transformation. With Cisco’s partners, the Company will bring the capital and expertise it takes to make smart city projects a reality. Digital Alpha, APG, and Whitehelm Capital bring a fresh perspective on investment in an area that has previously been perceived as too new and, therefore, too difficult to finance.

Updating ‘Kinetic for Cities’ Platform

The Company also announced added functionality to its connected digital platform, Cisco Kinetic for Cities, which is integrated with the Cisco Kinetic IoT data platform. The program is geared towards enhanced support for public safety, full policy automation, and a refreshed dashboard that support integrated video inputs, real-time emergency information, and other new functionality.

Cisco also declared new purchasing options for Cisco Kinetic for Cities, including prepackaged starter solutions, which combine the Cisco IoT data platform, solution, and services with those from its ecosystem partners into ready-to-roll-out, end-to-end solution suites.

About Cisco Capital

Established in 1996, Cisco Capital offers tailored financial solutions for Cisco products and services, while maintaining focus on delivering an exceptional customer experience. The Company helps customers take full advantage of financing to extend credit lines, and preserve capital with predictable and flexible payment structures.

About Cisco Systems, Inc.

Founded in 1984, Cisco is the worldwide leader in IT that helps companies seize the opportunities of tomorrow, enabling people to make powerful connections whether in business, education, philanthropy, or creativity. Cisco hardware, software, and service offerings are used to create Internet solutions that make networks possible, providing easy access to information anywhere, at any time.

Last Close Stock Review

At the closing bell, on Wednesday, November 15, 2017, Cisco Systems’ stock was slightly up 0.21%, ending the trading session at $34.11. A total volume of 29.95 million shares have exchanged hands, which was higher than the 3-month average volume of 19.24 million shares. The Company’s stock price advanced 9.89% in the last three months, 8.70% in the past six months, and 7.60% in the previous twelve months. Moreover, the stock surged 12.87% since the start of the year. The stock is trading at a PE ratio of 17.91 and has a dividend yield of 3.40%. The stock currently has a market cap of $169.20 billion.

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