Financial Inclusion

Cisco To Spend $1Bln On Building ‘Intercloud’

Cisco said it plans to invest $1 billion over the next two years to build the world’s largest global Intercloud – a network of clouds – with many partners.

“The Cisco global Intercloud is being architected for the Internet of Everything, with a distributed network and security architecture designed for high-value application workloads, real-time analytics, ‘near infinite’ scalability and full compliance with local data sovereignty laws,” the company said in a release.

The “first-of-its-kind open Intercloud,” which will feature application programming interfaces for rapid application development, will deliver a new enterprise-class portfolio of cloud IT services for businesses, service providers and resellers, Cisco said.

Partners, which are either planning to deliver Cisco Cloud Services or have endorsed Cisco’s global Intercloud initiative, include: leading Australian service provider Telstra; Canadian business communications provider Allstream; European cloud company Canopy, an Atos company; cloud services aggregator, provider and wholesale technology distributor Ingram Micro Inc.; global IT and managed services provider Logicalis Group; global provider of enterprise software platforms for business intelligence, mobile intelligence, and network applications MicroStrategy, Inc.; enterprise data center IT solutions provider OnX Managed Services; information availability services provider SunGard Availability Services; and leading global IT, consulting and outsourcing company Wipro Ltd.

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