NEW YORK (AP) — Cisco says it plans to spend more than $1
billion over the next two years to build up its cloud computing network.
Cisco plans to use the money to expand its data centers for the new service to be called Cisco Cloud
Services.
The
move makes the San Jose, Calif.-based networking company the latest to
enter an arena that caters to the growing number of companies that would
rather rent computing space than build their own.
One of the
biggest players in the market is Amazon.com. IBM Corp. said in January
that it will invest $1.2B in its cloud computing operations.
Cisco
says it will work with a set of partners to build up the network. The
company already provides cloud-related services, including the online
conference provider WebEx.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.
NEW YORK (AP) — Cisco says it plans to spend more than $1
billion over the next two years to build up its cloud computing network.
Cisco plans to use the money to expand its data centers for the new service to be called Cisco Cloud
Services.
The
move makes the San Jose, Calif.-based networking company the latest to
enter an arena that caters to the growing number of companies that would
rather rent computing space than build their own.
One of the
biggest players in the market is Amazon.com. IBM Corp. said in January
that it will invest $1.2B in its cloud computing operations.
Cisco
says it will work with a set of partners to build up the network. The
company already provides cloud-related services, including the online
conference provider WebEx.
Copyright 2014 The Associated Press. All rights
reserved. This material may not be published, broadcast, rewritten or
redistributed.