Cisco Systems, Inc. (CSCO) Ready to Invest $1 Billion in Cloud Computing Initiative

Cisco Systems, Inc. (NASDAQ:CSCO) is all set to start big in the cloud computing network and the company is going to invest up to $1 billion in cloud computing offerings. The tech-giant is likely to collaborate with 30 companies in the global cloud computing initiative.

Intercloud, cloud computing network, is a premier offering that will help businesses process data sent from over billion devices as well as applications from a global network, Cisco Systems, Inc. (NASDAQ:CSCO) said. This initiative is likely to bridge the gap between private and public cloud computing systems in a manner similar to telecommunication companies working through roaming network agreements.


Cisco Systems, Inc. (NASDAQ:CSCO) would add up to 250 data centers in 50 different countries for the expansion of its global network. Some of the potential partners in this initiative are Equinix Inc (NASDAQ:EQIX), BT Group plc (ADR) (NYSE:BT), and Deutsche Telekom AG (ADR) (OTCMKTS:DTEGY).

Cisco Systems, Inc. (NASDAQ:CSCO) and Equinix Inc (NASDAQ:EQIX) are going to develop enterprise level cloud computing solutions for enterprises. Both the companies plan to develop a hosted private cloud solution for the global clouding computing network, Intercloud, and the private solution would use Equinix Cloud Exchange for data processing. Further, Equinix Inc (NASDAQ:EQIX) will allow Cisco Systems, Inc. (NASDAQ:CSCO) to use its global International Business Exchange (IBX) data center platform.

Nick Earle, Senior VP, Cisco cloud services, said, “Equinix will bring its global data center footprint and interconnection capabilities to the Cisco Intercloud partner ecosystem—a move that will help shorten the distance between public and private clouds for enterprise customers.”

BT Group plc (ADR) (NYSE:BT) is likely to use Cisco cloud services for interconnecting private and public cloud services to the Intercloud and offer a secure environment to its customers for transferring and processing data from BT’s network to other cloud service providers.

This article has been written by Prakash Pandey.

Related News:

“Cisco Systems, Inc. (CSCO), Twitter Inc (TWTR), Signet Jewelers Ltd. (SIG): Top 3 New Stock Picks of Brookside Capital”


Related posts


Warren Buffett's Best Picks

Warren Buffett's these stock picks will crush the market over the next 12 months. Get our report FREE by becoming a member now