MUMBAI: Mahindra Group on Tuesday signed a strategic alliance with Cisco Systems . The joint venture will collaborate on global platform and provide cloud computing services.
Cisco said that the partnership with Mahindra will work on areas including connecting communities. The JV has an ambitious target market at $5 billion in 5 years.
Mahindra & Mahindra, Vice Chairman, Anand Mahindra said: "The JV will provide cloud computing services and will involve M&M group across geographies."
The partnership will also involve many contracts.
Mahindra said, "This is about a partnership and it is a partnership not just of one contract but involving many contracts between Mahindra and Cisco, not just in India but across the world. This is about an Indian company moving from simply looking at itself as a service provider to partnering Cisco in joint go-to-market initiatives."
At 12:19 Tech Mahindra was up 7.7% at Rs 729.40. It touched a high of Rs 727.20 and low of Rs 676.40 in trade so far. Around 1.50 lakh shares were traded in the counter. Mahindra Satyam was up 4.48% at Rs Rs 65.35.
With this joint venture M&M and Cisco will focus on the Internet. The two companies believe that the web will dramatically change the way in which businesses function and in the way that services are provided to customers.
"The second belief that we share with Cisco is that companies that are able to harness innovation in providing services to their customers are the ones that are going to be left standing and in fact standing on the victory podium. I believe that Cisco does truly understand that India can be a game changer in leveraging innovation," added Mahindra.
When asked about what has the JV got for Cisco, Mahindra said, "I have already mentioned one very important thing that they are going to be able to get even more traction in India, more reach in penetration through us. Cisco can also leverage us as a game changer for innovation through the internet as a way of reaching customers throughout the globe and therefore in essence they are going to leapfrog."
"For Mahindra the joint venture would help in becoming a brand that epitomise customer centricity and innovation that is very critical for us and we want to be known for this around the world. We believe that we can bring value to them and we believe that by tying up with them we will strengthen and enhance our capabilities to be more customer centric and innovative." said Mahindra.
Showing posts with label enter. Show all posts
Showing posts with label enter. Show all posts
Tuesday, March 8, 2011
Friday, August 21, 2009
Nokia likley to enter Netbook market
Nokia, the world's largest maker of cell phones, could be preparing to enter the crowded Netbook market.
According to the Economic Times, Nokia CEO Olli-Pekka Kallasvuo told reporters at a press event Wednesday in India, that "the PC and the mobile will continue to come closer and merge." He said Nokia sees a lot of opportunity in this convergence and he added that the company is "looking at the Netbook market to see what kind of opportunity is there."
It shouldn't come as a big surprise that Nokia might push further into the computing space. The company has been marketing its new smartphone, the N97, as a "mobile computer." And the company has also been selling its mobile Internet devices, or N-series Tablets.
These devices, which are geared toward early adopters and gadget lovers, typically start at around $300 to $400. They don't incorporate a traditional cell phone, but they come with a full QWERTY keypad and access to the Internet via Wi-Fi or through a Bluetooth-connected phone.
Netbooks appeal to a wider audience than mobile Internet devices, which could help Nokia diversify its business. Netbooks, which once were seen as "companion devices" for accessing cloud-based services like Gmail or social-networking sites like Facebook, are now being used as full-blown computers.
Their low cost (around $299) has driven big sales of these devices. About 16 million Netbooks were sold in North America in 2008. And because these devices often use Windows XP, a familiar operating system, most PC users already feel comfortable using them.
Nokia is likely hoping to cash in on Netbooks' popularity.
It's clear that consumers are looking to be more mobile and as carriers around the world build faster 4G wireless networks, demand for mobility will likely increase. What's more, Nokia and other handset makers will soon be facing competition from computer makers in the mobile phone market. Laptop maker Acer has already announced it is developing a smartphone. And there are reports that PC maker Dell is also working on a mobile phone.
Economic Times/Agencies
According to the Economic Times, Nokia CEO Olli-Pekka Kallasvuo told reporters at a press event Wednesday in India, that "the PC and the mobile will continue to come closer and merge." He said Nokia sees a lot of opportunity in this convergence and he added that the company is "looking at the Netbook market to see what kind of opportunity is there."
It shouldn't come as a big surprise that Nokia might push further into the computing space. The company has been marketing its new smartphone, the N97, as a "mobile computer." And the company has also been selling its mobile Internet devices, or N-series Tablets.
These devices, which are geared toward early adopters and gadget lovers, typically start at around $300 to $400. They don't incorporate a traditional cell phone, but they come with a full QWERTY keypad and access to the Internet via Wi-Fi or through a Bluetooth-connected phone.
Netbooks appeal to a wider audience than mobile Internet devices, which could help Nokia diversify its business. Netbooks, which once were seen as "companion devices" for accessing cloud-based services like Gmail or social-networking sites like Facebook, are now being used as full-blown computers.
Their low cost (around $299) has driven big sales of these devices. About 16 million Netbooks were sold in North America in 2008. And because these devices often use Windows XP, a familiar operating system, most PC users already feel comfortable using them.
Nokia is likely hoping to cash in on Netbooks' popularity.
It's clear that consumers are looking to be more mobile and as carriers around the world build faster 4G wireless networks, demand for mobility will likely increase. What's more, Nokia and other handset makers will soon be facing competition from computer makers in the mobile phone market. Laptop maker Acer has already announced it is developing a smartphone. And there are reports that PC maker Dell is also working on a mobile phone.
Economic Times/Agencies
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