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Cisco Plans $1B Investment In Cloud

Posted by ryuzaki0 on from the better-late-than-never dept.

itwbennett (1594911) writes "Cisco Systems said Monday it plans to invest over $1 billion to expand its cloud business over the next two years, including building a global, OpenStack-based 'network of clouds' that it has dubbed the 'intercloud'. The Intercloud will support any workload, on any hypervisor and interoperate with any cloud, both private and public, according to Cisco."

1 of 61 comments (clear)

  1. Re:Cures aids and cancer too by idji · · Score: 3, Interesting

    My company has employees in over 40 countries globally - 100 of us need to daily collaborate to build demo, download and upload virtual machines. A cloud provider gives us that for about 100,000k€/year and gives us servers in US, Europe and Asia. There is no way we could do that internally for 2 or 3 times that price. Cloud is a great solution for us - data loss, hacking, snooping etc are not issues because these are customer facing demo machines, and we download what we want.