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Cisco (Nasdaq: CSCO) is planning to build a global network of clouds together with a set of partners.
The Intercloud is being architected for the so-called "Internet of Everything" and will provide a new enterprise-class portfolio of cloud IT services for businesses, service providers and resellers, according to a company statement.
Cisco expects to invest over US$1bn to build its expanded cloud business over the next two years.
Companies that will deliver Cisco's cloud services or that have endorsed the Intercloud initiative include US IT hardware and services wholesaler Ingram Micro (NYSE: IM), international ICT solutions provider Logicalis and Indian IT systems integrator Wipro (NYSE: WIT).