Cisco has sealed a deal to develop a transaction services and public enterprise cloud services platform for TCL.
TCL said the two new business initiatives will be developed by the company to cope with the group’s long term strategic business planning.
To develop the public enterprise cloud services platform, TCL said it needs the expertise and technical support in cloud computing and large scale information processing.
Cisco as a provider of cloud computing and information processing solutions has such expertise and techniques. In addition, TCL has an excellent business partnership with Cisco, an extensive customer network and a diversified products portfolio.
According to a statement, TCL and its affiliates will pour $64 million for the cloud service platform.
The project will cover on-demand collaboration, online meeting, web conferencing, audio conferencing and video conferencing applications as the initial service offerings of the public enterprise cloud services platform, TCL said.