Cisco, EMC, and VMWare have announced the Virtual Computing Environment coalition, with the goal of accelerating customers’ access to data center virtualization and a transition to private cloud infrastructures. The three companies have worked closely over the past year on a shared vision for the future of enterprise IT infrastructure – private cloud computing, a virtual IT infrastructure that is securely controlled and operated solely for one organization. This sort of cloud environment can be managed either by that organization or a third party, existing on or off premises, or in combination.
Private cloud computing offers the controls and security of today’s data center with the agility required for business innovation while reducing the $350 billion annually spent on data center technology, according to McKinsey and Company estimates. It is also estimated that approximately $85 billion (20% of the market) can be addressed with data center virtualization by 2015.