In September 2007, Lereko concluded a BEE investment transaction with Cisco Systems Inc, a USA Nasdaq listed company, acquiring a 20% interest in a newly formed local subsidiary, Cisco Technology and Services (South Africa). The listed shares will vest over a 10-year period based on the performance of the local subsidiary and the value-add contributed by Lereko.
Cisco offers hardware, software and related services that allow individuals, companies and countries to increase productivity, improve customer satisfaction and strengthen competitive advantage in a secure and integrated network environment.
Cisco currently has four prominent brands: Cisco, Linksys, Webex and Scientific Atlanta.