04 Nov Cisco and EMC form venture to serve data centers
Cisco Systems took another step to expand its computer hardware businesses on Tuesday by forming a broad partnership with EMC, a maker of storage equipment and software.
The two companies announced on Tuesday that they had created a joint venture called Acadia that would work to sell their data center equipment to businesses. The new venture will focus on designing and building systems that rely on virtualization technology, which can help customers create a more flexible technology infrastructure and lower their capital spending costs. For Cisco, the arrangement should aid the company’s efforts to sell its nascent line of computer servers and increase competition against the likes of Hewlett-Packard, I.B.M. and Dell.
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