BEIJING (Reuters) - Cisco Systems Inc will establish an $80 million joint venture with Chinese hardware manufacturer TCL Corp to invest in commercial cloud computing services, TCL said in a stock exchange filing on Thursday.
Cisco will invest $16 million in the new firm, which has not been named and is still being registered, and hold a 20 percent stake, the filing said. TCL will pay $64 million for an 80 percent share. These investments will be made over three stages, each of which will require the approval of both parties. No timeframe for the investments was given.
Discover the value of Asia’s datacenter and Cloud assets this November
Reaching its 4th year in the region, Asia’s annual professional networking and market forum for investors in datacenter, Cloud, fiber and tech returns to Hong Kong.
FIF 14 is the only live event in Asia focused on bringing together hundreds of investors, financiers, bankers, private equity and hedge funds to meet high-growth, smart datacenter, Cloud, fiber and tech companies, service providers and enterprise users in one annual event to explore investment opportunities, assess business models and discuss the future of these highly dynamic segments of the ICT sector.
We constantly hear industry commentators talk about the engine of IT change – this year it’s cloud computing, social business, mobile computing and, big data or analytics. We also hear talk about how customers’ expectations are changing and how businesses need to deliver better joined-up, high-quality customer experiences.
Datacenter and Cloud Transformation for Digital Enterprises
A new conference for IT Infrastructure executives in CEE markets
Enterprises and third party operators across central and eastern European markets are transforming to cloud datacenters, fast becoming the indispensable infrastructure for computing, storage and management of big data. Enterprises require simple and scalable ways to create interoperability among many siloed data and endpoints, which offer highly available, multi-tenant and elastic integration cloud to support high density computing.
SAN FRANCISCO (Reuters) - Microsoft Corp has joined Qualcomm Inc and other technology companies in a bid to establish standard ways for household devices like light bulbs and thermostats to talk to each other.
The Qualcomm-backed AllSeen Alliance is among a growing number of efforts for companies working alone or in groups to promote protocols for how smart devices should work together in a trend increasingly referred to as the Internet of Things.
LONDON (Reuters) - Vodafone is buying an Italian car electronics maker for 145 million euros ($197 million), seeking to get ahead in the race to connect more products to the internet and offset slowing growth in its core mobile phone business.
IBM recently announced that it was greatly expanding its BlueMix PaaS offering to help developers use cloud services, and now the company says that it has added capabilities that could benefit companies looking to deploy IoT and M2M solutions.
Since its expanded, open, beta launch several weeks ago – based on IBM’s (Armonk, NY, USA) middleware and third-party technologies – the company claims there has been quick uptake on BlueMix from both web-only and enterprise developers looking to deploy embedded devices.
B&B Electronics has formed a partnership with SeeControl aimed at developing predictive monitoring solutions for industrial Internet of Things (IoT) applications.
The network connectivity specialist said the partnership represented the first of several announcements it was due to make regarding strategic relationships with clod-based data analytics companies.
Systems integrator Logic PD and M2M specialist SeeControl have formed a partnership aimed at speeding up the development of Internet of Things (IoT) services.
Through the tie-up, SeeControl (Redwood City, CA, USA) will provide an IoT platform and associated integration methodology to support Logic PD’s (Minneapolis, MN, USA) Adrenaline series – a service designed to let customers test M2M concepts they intend to bring to market.
The 2014 Cloud Computing Policy Conference will discuss the key issues on the US Cloud Computing agenda. It will explore market developments in cloud computing and how businesses and government administrations can best exploit the opportunities offered by the technology.