(The Hosting News) – Cisco announced earlier today its plans to merge into cloud services by building the “world’s largest global Intercloud.”
The networking company said that it will spend over $1 billion in the next two years to expand its cloud business to customers, according to the company’s press release.
“Companies are looking for different ways to get IT done,” said Cisco president of development and sales, Rob Lloyd to the Wall Street Journal. “Everybody is realizing the cloud can be a vehicle for achieving better economics [and] lower cost.”
Cisco Cloud Services, part of the “Internet of Everything” campaign, will be delivered by Cisco and its partners, including companies such as Telstra, Allstream, Canopy, Ingram Micro Inc., Logicalis Group, MicroStrategy, OnX Managed Services, SunGard Availability Services, and Wipro Ltd.
“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 Lloyd. “The timing is right for Cisco and its partners to invest in a groundbreaking, application-centric global Intercloud to provide broader reach and faster time to market. Together, 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.”
Cisco’s Intercloud will allow companies and users to move data and applications across different public and private clouds easily and securely, while adhering to associated network and security policies.