Cisco Announces $1 Billion Cloud Investment
Cisco has announced a new initiative to invest $1 Billion in a new cloud service. The plan is to build a "global Intercloud--a network of clouds--together with a set of partners."
According to the company, this Intercloud is designed for "high-value application workloads, real-time analytics, scalability, and full compliance with local data soveignty laws."
Cisco will work with global partners to build this Intercloud network, including communications providers in Europe, Australia, and North America. The company will leverage its existing line of cloud services to provide a platform for rapid development of custom applications.
According to Robert Lloyd, Cisco's president of development and sales, "We have the capability to enable a seamless world of many clouds in which our customers have the choice to enable the right, highly secure cloud for the right workload, while creating strategic advantages for rapid innovation, and ultimately, business growth."
