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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Cisco Systems, Inc.    CSCO

CISCO SYSTEMS, INC.

(CSCO)
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Cisco : New Cisco Solutions Elevate Resiliency and Security for Critical Legislative and Judicial Operations

10/29/2020 | 05:05am EST

The Covid-19 pandemic has required local and national government institutions to quickly respond and adapt to deliver important services while governing remotely.

New cloud solution, Webex Legislate, enables remote and hybrid legislative bodies to convene safely and securely

New Connected Justice Solution for Courts, Correctional Facilities and Community Corrections powers secure real-time virtual judicial proceedings anywhere, anytime

Expanded Cisco Public Funding Office helps public sector customers tap stimulus funding worldwide

The pandemic has shown that technology is key not only to keeping us securely connected and productive but also to keep essential functions of civic life and democracy moving during disruptions. During the Covid-19 pandemic, local and national government institutions are responding and adapting by pivoting to deliver services and continue the business of governing, remotely. To support governmental organizations with these business resiliency efforts, Cisco is announcing solutions to enable justice systems and legislative bodies worldwide to continue their critical functions.

The new solutions combine the power of Cisco technology, including Cisco Webex video conferencing, with expertise and innovation from Cisco Customer Experience (CX) and the Cisco partner ecosystem. To speed access to these tools, Cisco's Public Funding Office has increased capacity to help customers and partners navigate funding sources and accelerate projects that help them serve their communities through the pandemic.

These new solutions bring secure delivery of virtual government services across multiple platforms of previously disparate technology to provide greater efficiencies, reduce cost associated with travel, while keeping the public safer. Prior to Covid-19, many governing bodies were legally required to meet in-person, and the shift to remote has been a new experience for many. Now, according to a new Cisco survey, over 50% of government workers expect to work remotely eight or more days per month. Governing bodies worldwide need to deliver seamless collaboration for their fully remote and hybrid legislative bodies, enabling them to convene safely and securely - while adhering to procedures steeped in law and tradition.

Webex Legislate is a new secure, purpose-built cloud solution that extends Webex's built-in security and privacy capabilities. The new solution meets the highly specialized requirements of global legislatures, providing a 'better than being there' experience to give legislators the same capabilities as on the chamber or parliamentary floor, while attending sessions from their regions and remaining close to the citizens they represent. The new solution provides support for:

Legislators, by delivering an integrated experience that provides the video conferencing experience they already know via a new dashboard for all the governing business required in hearings and floor debates and votes. For example, it:

Allows legislatures the ability to debate and vote on legislation in accordance with their rules, procedures, and norms via customized voting features

Enables secure sidebar rooms that mimic the conversations legislators have in caucus or on the floor. These rooms can be ad hoc or permanent

Offers simultaneous interpretation and closed captioning making it easy for legislative sessions to be conducted in multiple languages

Moderators, by enabling complete customization so Webex Legislate will allow for the unique rules, procedures, and roles of each legislative body. That means appropriate permissions are given to committee chairs, speakers, legislators, staff, citizens, press and so on. The solution also provides timers, detailed mute controls and more to easily manage orderly proceedings.

Designed to meet legislative security needs, the solution enables:

Single sign-on with multifactor authentication

Visual and verbal verification with secure lobby admission to verify the identity of voting members

Chain of custody for all procedures, including voting

Anonymous or customized voting, with detailed statistics by party and voter

Webex Legislate was funded and co-developed by Cisco's Country Digital Acceleration (CDA) program, in conjunction with Irish systems integrator and Cisco partner, Davra. The Cisco CDA program, which is active in 37 countries around the world, delivers sustainable digital solutions in collaboration with national and local government leaders to address real societal problems. The CDA program provides Cisco partners a unique opportunity to co-develop and co-innovate technology solutions that align with national digital agendas around the world. Webex Legislate is an example of how partners can use the Webex software development kit to develop custom applications on top of Webex to help accelerate their customers cloud adoption.

Additionally, Cisco has achieved Federal Risk and Authorization Management Program (FedRAMP) authority to operate for Webex calling, meeting, and messaging solutions, allowing U.S. federal employees and contractors to experience the work-from-anywhere benefits of cloud collaboration while meeting stringent government requirements. These capabilities will soon be available in a single Webex app, making it easy for users to escalate messages into calls or video conferences, and share content on room video devices. Learn more here.

Cisco's Connected Justice solution is the first standards-based video solution to deliver comprehensive, connected professional services to courts, correctional facilities and community corrections. Covid-19 made delivering critical services without physical contact essential. Cisco partners Cloverhound and TRACKtech have customized connected solutions for partners to be able to order that align to the three pillars of justice-courts, corrections, and community supervision. This solution enhances collaboration across agencies, maintains daily operations and can help reduce recidivism.

The new solution provides support for:

Courtrooms:

Brings courtroom participants together via real-time video creating a safe and secure environment

Offers the courts the ability to hold virtual hearings with an integrated docket dashboard that identifies a virtual lobby and side rooms, via partner Cloverhound. This brings extra efficiencies and accelerates court activities

Support for managing the hybrid court with physical attendees in a court hearing so a judge can see both virtual and in-person participants

Correctional Facilities:

Provides seamless virtual visitation services via simplified workflow and user experience. New custom designed scheduling software from Cisco CX is built for this specific environment

Increases and simplifies remote access to critical services such as court appearances, telehealth services and distance learning

Community Corrections:

Helps government agencies better reduce recidivism by delivering rehabilitative support and supervision, via a new mobile advanced supervision and integrated case management solution from Cisco partner TRACKtech

New mobile solution provides increased caseload efficiency by notifying staff members of incompliance allowing them to spend their time where it is needed most

Simplifies delivery of essential support services such as remote check-ins, teletherapy recovery and behavioral health counseling and homeless services

For example, using Webex Teams integrated with TRACKtech products, one major US judicial district was able to increase caseload productivity by visiting 3x more clients in a day with virtual home visits

In addition, by utilizing Cisco's video end points with TRACKtech, the judicial district was able to save the equivalent of their entire annual fleet management budget

'The beauty of Cisco's courtroom technology, using Webex and the underlying secure infrastructure, is that the public now sees virtual courtrooms as a way to keep the wheels of justice turning, not only during Covid-19, but beyond,' said Elkhart County Director of Information Technology Matthew Dietz. 'For judges is it was easy to use and serves our citizens efficiently-allowing people to take a 15-minute break to attend a hearing instead of spending a half-day in court.'

Increased Funding Office Expertise

Government funding to support Covid-19 response efforts is available. This year, Cisco doubled its expert team to help ensure business continuity of government globally by assisting customers to navigate the programs and processes. Cisco experts can help customers navigate the process of securing funding by helping identify potential funding sources for projects. Together the expanded team brings decades of expertise and has supported thousands of customers through this process.

Additional Resources

Check out the new Connected Justice website

Discover the Cisco Portfolio Explorer for Government-Connected Justice website

Watch the Elkhart County Video Case Study video

View the Webex Legislate Solution video

Learn more in the Reimaging Government Resiliency blog

Read more in the Webex Innovation Keeps Governments Running Effectively and Securely, From Anywhere blog

Explore the Better Rehabilitation and Supervision Experience Powered By Webex and TRACKTech blog

Dive into The Lawmaker's Future of Work post

Watch on Cisco.com the Elkhart County Video Case Study video

About Cisco

Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more on The Network and follow us on Twitter at @Cisco.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco's trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

Release Contacts

Toni Davispress

984-212-0163 tondavis@cisco.comBrenda Bowlesanalyst

704-258-3909 brbowles@cisco.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 48 753 M - -
Net income 2021 10 132 M - -
Net cash 2021 17 899 M - -
P/E ratio 2021 17,8x
Yield 2021 3,34%
Capitalization 184 B 184 B -
EV / Sales 2021 3,41x
EV / Sales 2022 3,18x
Nbr of Employees 77 500
Free-Float 99,9%
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 49,14 $
Last Close Price 43,54 $
Spread / Highest target 49,3%
Spread / Average Target 12,9%
Spread / Lowest Target -5,83%
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Managers
NameTitle
Charles H. Robbins Chairman & Chief Executive Officer
Tiang Yew Tan Chief-Operations & Executive Vice President
Kelly A. Kramer Chief Financial Officer & Executive Vice President
Chuck Churchill Director-Information Technology
Roderick C. McGeary Independent Director
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