Cisco and EMC launched a joint venture called “Acadia” last week, which will “bundle EMC storage gear, VMware management tools and Cisco networking and computing products with dedicated services” according to the Financial Times. In an interview, Cisco’s chief executive, John Chambers, told the FT that the deal could be the most significant technology alliance in a decade.
Acadia’s offer is aimed at competitors Hewlett-Packard and IBM , said the paper, and the new venture is chasing a slice of the $350bn annual market for core computing products, consulting and maintenance.
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