Cisco Invest over $1 Billion for Cloud Business
Networking solutions provider Cisco has announced that it will invest over $1 billion to expand its cloud business globally over the next two years to capitalise on the increasing demand for such services. The company planned to deliver the ‘Cisco Cloud Service’ with and through partners, including Indian IT major Wipro, Australian telecom service provider Telstra, and tech distributor Ingram Micro Inc. Second phase “We are already leaders in private cloud. Now, we are moving to the second phase of our cloud strategy that is to become number one in hybrid cloud. We intend to build the world’s largest global Intercloud — a network of cloud — together with a set of partners,” Cisco Senior Vice President, Worldwide Cloud Sales and Go to Market, Nick Earle, told reporters here. “We have over 65,000 partners across the globe, and we will engage with them and offer open, high value networks that are secure,” he added. Besides building Cisco data centres...