The shares of Cisco Systems, Inc. (NASDAQ:CSCO) are trading higher after the company entered into a new partnership agreement with Pivotal Software, a company focused on accelerating digital transformation for enterprises.
The stock price of Cisco was up more than 3% to $25.93 per share at the time of this writing, around 1:59 PM in New York.
Market observers noted that the networking giant is willing to work with other companies to building its presence in the cloud arena—one of the fastest-growing areas of computing.
Cisco deal with Pivotal
Cisco and Pivotal signed a solutions partner and global reseller agreement. The company’s agreed to deliver the Pivotal Cloud Foundry together with Cisco’s Metapod offering to the market.
The Pivotal Foundry delivers platform capabilities that improve developer productivity, offer operational excellence, enterprise grade security, scalability, high availability and operational control.
The networking giant’s Metapod is a production-ready, OpenStack-based, on-premises solution that is engineered, deployed, and remotely operated 24x7x365.
Cisco and Pivotal expected the partnership to “deliver a turnkey enterprise cloud platform that enables customers to innovate faster, and respond to market opportunities with start-up speed and enterprise reliability.”
Making digital transformation easier and faster
In a statement, Peder Ulander, vice president, Cloud and Managed Services Organization at Cisco, said, “Digital transformation is driving the need for development teams to move faster than ever before.”
Ulander added that Cisco its pulling together the leading managed private cloud solution with the leading Cloud native developer experience by integrating Metapod with Pivotal Cloud Foundry. According to him, the integration will help customers modernize their IT and digital transformation easier and faster.
On the other hand, James Watters, senior vice president of products at Pivotal, said, “With Pivotal Cloud Foundry, Metapod customers gain a comprehensive, modern, enterprise-grade Cloud Native platform that delivers the flexibility, speed and scale needed to quickly build and deploy next generation applications that rival that of Silicon Valley’s most renowned start-ups.”