Cisco, Wipro team up; Cisco launches 'I-Prize'

Cisco, Wipro team up; Cisco launches 'I-Prize'

Summary: Cisco and Wipro will team up in a strategic alliance that aims target emerging markets. The alliance comes just a day after a similar partnership with Satyam to target the health care market.

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TOPICS: Cisco, CXO
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Cisco and Wipro will team up in a strategic alliance that aims target emerging markets. The alliance comes just a day after a similar partnership with Satyam to target the health care market.

Under the agreement (blog post, company statement), Cisco will create a Cisco Solutions Centre on Wipro's campus in Bangalore, India that should be running in November. From there, the two companies will meld Cisco's networking gear with Wipro's managed services and court customers "in fast-growing markets around the world."

Wipro will initially pitch these Cisco fueled services to companies in India, the Middle East and Africa. Wipro will use Cisco's technology for application networking services, data center management, security, telepresence and unified communications. The two parties also plan to target verticals such as health care, financial services and retail in the future.

Cisco's plan: Use India as a jump off point to other emerging markets.

Separately, Cisco announced the I-Prize, a competition for global entrepreneurs. Under the competition, these entrepreneurs are supposed to develop businesses based on Cisco's collaboration technologies. The winning team may become founders of a new business unit within Cisco, which may invest up to $10 million over three years to fund the business.

The I-Prize idea (Cisco blog, statement) could be promising. It could be cheaper to incubate a startup than buy one later.

Topics: Cisco, CXO

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