The Cisco Hybrid Solution is being developed for Kubernetes, a system that manages applications distributed in bundles, on Amazon Web Services. It is expected to cut costs for businesses while reducing the time required for developing products and making them available for sale. The solution will be available for purchase by year-end, with the basic subscription price starting at $65,000 per year.
The product assumes significance considering the growing threat to data security, which prompts firms to avoid storing sensitive data on remote servers
“Now, developers can use existing investments to build new cloud-scale applications that fuel business innovation. This makes it easier to deploy and manage hybrid applications, no matter where they run. This allows customers to get the best out of both cloud and their on-premises environments with a single solution,” said Cisco’s Cloud Platform SVP Kip Compton.
Cisco stock surges after upbeat Q4 earnings
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With the adoption of cloud computing gathering momentum, traditional data center companies like Cisco are bringing innovation to their offerings to stay relevant in the industry. Being a key player in the segment, it is important for Cisco to ensure that businesses continue to use data centers for running applications.
Cisco’s shares reached a 17-year high last month and gained about 22% over the past twelve months. The stock traded higher in the early trading hours Thursday. After hitting an all-time high in early September, Amazon shares remained flat in the following weeks before retreating to the pre-spike levels.