New York - Cisco Systems announced plans Monday
to invest $1 billion to step up its cloud computing with several global
partners.
The California-based equipment maker said the
alliance would build “the world's largest global Intercloud,” or a
network of clouds to support objects ranging from wearable devices to
appliances to automobiles.
Partners with Cisco in the project include
Australia's Telstra, Canadian business communications provider
Allstream, European cloud company Canopy and global IT outsourcing
company Wipro Ltd. of India.
“Customers, providers and channel partners
alike are turning to Cisco to create open and highly secure hybrid cloud
environments, and they want to rapidly deploy valuable enterprise-class
cloud experiences for key customers - all while mitigating the risk of
capital investment,” said Robert Lloyd, president of development and
sales, Cisco.
Cisco maintains that the “Internet of things”
will be a “$19 trillion opportunity” over the next decade, in terms of
technology and services for connected devices.
The new venture pits Cisco against other cloud companies offering corporate services, notably Amazon.
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