Technology giant Cisco Systems launches $2.5B business resiliency program

Cisco Systems has launched a $2.5 billion business resiliency program designed to allow its customers to defer 95% of payments until 2021.

Companies battling with financial pressures during the coronavirus pandemic are also facing challenges to adapt their business model to accommodate more remote-working tools. Cisco has seen a surge in demand for its video conferencing and virtual private network software, which includes its Webex and AnyConnect tech. Increased use of networking hardware also produced by Cisco is in similar demand.

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