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."