Cisco Invests $150 Million in App Development for Spark Communications Platform
At the Enterprise Connect 2016 conference, Cisco announced that it was setting up the Cisco Spark Innovation Fund with $150 million in capital. The fund will invest in efforts to create custom apps and integration tools based on the company's Spark communications platform. Spark includes messaging, meeting and call services hosted on Cisco's cloud computing platform.
"As we bring Cisco Spark and other SaaS [software-as-a-service] solutions to market, we will team with our global service providers to jointly develop, sell and market," said Rowan Trollope, senior vice president and general manager of Cisco's Collaboration, Data Analytics and Internet of Things (IoT) groups. "This unique SaaS model is not about service providers simply reselling Cisco Spark, but about joint innovation and shared business outcomes."
Cisco Spark also has a developer community called Cisco Spark for Developers.