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Cisco to invest $1 billion for global cloud computing network

Cisco Systems will invest $1 billion over two years to expand its cloud offerings, the company said on Monday, linking hundreds of data centers and cloud providers around the world in a network with more than 30 partners.

The network, called Intercloud, will help businesses process and manage data generated from billions of devices and applications around the world, Cisco said.

Businesses in the network aim to bridge the gap between public and private cloud computing and will share cloud infrastructure the same way mobile telecommunications companies have roaming agreements.

With partners including Deutsche Telekom, BT group andEquinix Inc, Cisco said it will add 250 data centers in 50 countries to its cloud network

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Source: Reuters

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