Cisco Systems to Invest $1 Billion in Cloud Computing Business

Cisco Systems to Invest $1 Billion in Cloud Computing Business

Cisco Systems to Invest $1 Billion in Cloud Computing Business

This investment in cloud computing business would focus on developing an inter-cloud platform that will be able to bridge multiple cloud systems open to the public.

GREATRESPONDER.COM – This was announced by the networking giant, Cisco Systems on Monday, March 24, 2014 that it is going to invest huge amount, as much as $1 billion in the domain of cloud computing business. This move of the company came after the extravagant investment from different IT giants, especially IBM in cloud computing during the last few months.

It was further elaborated about the breakup of the investment without quoting the specific amounts that, this investment will be used in different activities to expand the cloud computing business, such as – building new data centers, establishing partnerships with different telecom and IT service providers, development of inter-cloud platform based on the latest technologies, and last but not the least, developing the network of the specialized organizations in the domain of sales to sell and market the new products.

While talking about the technical matters related to the new idea of cloud computing business, the official statement elaborates that the inter-cloud platform, that Cisco is focusing on, would help the enterprise and the other customers to be able to link their cloud resources and services between multiple cloud computing service providers, such as – Google compute, Amazon Cloud, Microsoft Azure, and others. A huge money will be invested in the research and development of a new cloud computing technology to make it possible with enterprise grade security and reliability.

The core focus of the inter-cloud idea would be on developing a platform that allows customers to run their software applications simultaneously both in the public cloud and the internal company resources with very close management, geographic control and high level of security.

The senior vice president of cloud sales at Cisco Systems, Mr. Nick Earle said, in his statement, “We are vigorously pursuing our goal to establish a Star Alliance of technology companies, like the star alliance in airline services.” The Telestra Australia has already joined the star alliance as announced by Cisco a few days back. Nick further maintained that “The market makers, big ecosystems like IBM business applications, Verizon telecom and Accenture services would be targeted to join the star alliance partnership program to make it a bigger network in the domain of cloud computing business”.

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