Cisco is to invest €200,000 with Asystec in a Big Data joint venture.
This partnership will see Asystec delivering its expertise in data analytics while Cisco will deliver the infrastructure to provide a complete Big Data solution.
Speaking at the announcement of the venture, Asystec CEO Les Byrne said: “When it comes to data analytics you need a number of components to make it deliver; you have to form alliances, and Cisco was an easy choice; in terms of direction we are exactly aligned with their future vision.
Corporate partnerships are fuelling the growth of the world’s most successful companies as the demand to provide new innovative products that deliver on customers’ expectations increases. We believe this partnership will be truly successful and will deliver unique value to our customers.”
As well as the financial investment by Cisco, Asystec will be investing in the venture in terms of HR, marketing and training at the recently launched ‘innovation labs’ at its offices in Belfast, Dublin, Limerick and Cork.
Adam Grennan, Cisco Ireland manager, said: “We are rapidly beginning to experience what we call the Internet of Everything. With each new person, process, piece of data, or thing that comes online, the connection possibilities between all these elements grows exponentially. And yet, it’s not the act of getting connected – or even the number of connections – that creates the value. Rather, it’s the outcomes the connections make possible.”
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