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Cisco to Invest $1B to Create World’s Biggest Cloud Network

24/03/2014 by

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Cisco announced Monday, with a set of partners, it plans to construct the world’s biggest cloud network as the firm looks to take advantage of the growing market for Internet-based services.

The blue-chip company said the new venture is designed 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.”

Cisco said it plans to put $1 billion into this new cloud business over the next two years as it partners with other companies that have either planned to deliver Cisco Cloud Services or have already endorsed the initiative. Those companies include Australian service provider Telstra, Canadian business communications provider Allstrea, European cloud company Canopy, OnX Managed Services, and others.

This article has been extracted from http://www.foxbusiness.com, please click on this link to read the article in full http://www.foxbusiness.com/industries/2014/03/24/cisco-to-invest-1b-to-create-worlds-biggest-cloud-network/

Montash is a multi-award winning, global IT recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Scientific Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

For more information please visit www.montash.com

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