The venture offers service providers and enterprises a prepackaged bundle of Cisco hardware and BMC software. This includes Cisco's UCS servers, Nexus switches, firewalls and routers and BMC's management software.
"It's really for service providers to deliver services to enterprise customers," said Joe Wojtal, vice president of service provider solutions at Cisco. "This is going to support large-scale private cloud computing environments in the enterprise space as well."
Cloud services, which offer compute power and storage via the Internet, are one of the tech sector's hottest trends. Public clouds, such as Amazon's (AMZN) S3 managed storage service, are publicly available via the Internet. Private clouds, typically serving users within a specific company or organization, help businesses quickly share information and mange internal systems over vast distances.Tech research firm IDC predicted a major payday for companies selling cloud-related hardware. Sales of servers supporting public clouds will grow from $582 million in 2009 to $718 million in 2014, it said, while server revenue for the larger private cloud market will grow from $2.6 billion to $5.7 billion. Wojtal told TheStreet that agricultural giant Monsanto (MON) is already using the joint Cisco/BMC offering as part of a private cloud. Cisco and BMC have also racked up five service provider customers, he added, including Telefonica (TEF) and the Australian National Broadband Network. Questions, however, have been asked about Cisco's long-term strategy in the aftermath of its recent first-quarter results and tepid guidance, with the cloud market cited as a particular challenge. Hardware behemoths IBM (IBM) and HP (HPQ) have both been ramping up their cloud strategies as is Microsoft (MSFT) with its Azure cloud offering. Undeterred, Wojtal told TheStreet that Cisco and BMC will use their alliance to take the complexity out of companies' cloud efforts. "We're really trying to speed deployment for the service providers and the enterprises," he said. "The integration work is quite complex." Shares of Cisco, which was upgraded by Oppenheimer on Monday, rose 18 cents, or 0.94%, to $19.25 in pre-market trading. --Written by James Rogers in New York. >To follow the writer on Twitter, go to http://twitter.com/jamesjrogers. >To submit a news tip, send an email to: email@example.com
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV