Cisco sets $1 billion investment for global cloud computing network2014-09-29 09:45 by DanielaTags: Cisco, cloud, network
Cisco Systems will invest $1 billion over two years to further develop its cloud services by linking hundreds of data centers and cloud providers around the world in a network with more than 30 partners. The network, dubbed Intercloud, will help businesses process and manage data generated from billions of devices and applications around the world. Cisco's OpenStack-based cloud approach provides local hosting and provider options that enable data sovereignty. Partners benefit from a powerful cloud platform with global reach and internet scale and efficiencies, the company said. Deutsche Telekom, BT group and Equinix Inc. are among Cisco's partners in this initiative. The networking giant will utilize the Equinix Cloud Exchange to develop a hosted private cloud designed around the premise of Cisco's Intercloud. Cisco will also expand partnership with Deutsche Telekom (DT) to deploy Intercloud nodes within DT's state-of-the-art data centers in Germany, which will be operated by T-Systems, the system solutions unit of DT. In a similar partnership, BT will leverage Cisco Intercloud Fabric to develop hybrid cloud services that connect with the Cisco Cloud and with the cloud and managed service offerings of Cisco Powered Intercloud Providers. The Intercloud enabled BT Cloud Compute infrastructure will support highly secure, global hybrid clouds with unparalleled workload portability for BT's customers
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