Cloud Computing: Why Cisco and Ericsson are Teaming up for Future Growth

Grazed from Fortune. Author: Stacey Higginbotham.

Cisco and Ericsson, two giants in the telecommunications gear sector, have teamed up to generate $1 billion in revenue for each company by 2018. The two companies will co-develop products, align customer service and share patents in a partnership that’s unprecedented in the industry.

The alliance, announced Monday, is a sign both of consolidation and competition in the market for telecommunications equipment as rival Alcatel-Lucent merges with Nokia, but also a symptom of the merging of both computing and communications as more business is conducted in the so-called cloud. Both companies are stuck in a mature industry providing equipment that underlies the backbone of both the wired and wireless Internet...

Back in 2009, Cisco branched out in an attempt to provide servers for cloud computing, with limited success...

Read more from the source @ http://fortune.com/2015/11/09/why-cisco-ericsson/