In a world driven by mobility, cloud, and digitization, the networks of the future will require new design principles to ensure they are agile, autonomous, and highly secure.
“With the pace the market is moving, the successful companies will be those who build the right strategic partnerships to accelerate innovation, growth, and customer value. […] Our partnership will drive growth for both companies, unique value for our customers, and incredible innovation for the industry.” said Chuck Robbins, Cisco’s Chief Executive Officer.
Ericsson and Cisco are strong and complementary partners, with a combined 56,000+ patents, $11 billion of research and development investment, and more than 76,000 services professionals serving customers across more than 180 countries.
Together, the companies wants to create the networks of the future, and deliver customer value in several ways:
- Offering an end-to-end product and services portfolio to service providers,
- Creating a highly secure technology architecture (including 5G, cloud, IP, and the Internet of Things) to build the mobile enterprise experience, with seamless indoor/outdoor networks.
- Combining their scale and innovation, providing consulting, integration, and support for managed operations across IT and networks, both companies will be able to accelerate the platforms and services needed to digitize countries and create the Internet of Things.
The strategic partnership will be a key driver of growth and value for the next decade, with each company benefiting from incremental revenue in the calendar year 2016 and expected to ramp to $1 billion or more for each by 2018. Both companies will also be able to drive their efforts and investments to deliver value in growth markets.
“ Foremost, we share the same vision of the network’s strategic role at the center of every company’s and every industry’s digital transformation. Initially, the partnership will focus on service providers, then on opportunities for the enterprise segment and accelerating the scale and adoption of IoT services across industries. For Ericsson, this partnership also fortifies the IP strategy we have developed over the past several years, and it is a key move forward in our own transformation.” Said Hans Vestberg, President and Chief Executive Officer of Ericsson.
Emma is a telecom engineer, fond of fantasy books and RPGs