Jordan Novet / VentureBeat:
IBM isn’t the only company willing to commit $1 billion to a new endeavor.
Today Cisco unveiled a big plan to become a cloud provider, announcing it will work with many partners to provide a wide-spanning service and lay out $1 billion over the next two years for the effort. Being a networking giant, Cisco will contribute networking technologies to the cloud. And its brand name commands respect among enterprises.
