(WEB HOST INDUSTRY REVIEW) — Australian telecommunications provider Telstra (www.telstra.com.au) and US-based technology consulting firm Accenture (www.accenture.com) announced on Monday that they will launch a new Product Innovation Lab in Melbourne to develop cloud computing solutions for Australia and New Zealand customers.
Telstra and Accenture established a strategic relationship in April 2010 with the goal of helping orgnizations build their businesses around cloud, according to the press release.
In June, Telstra announced that it would invest more than $800 million in its cloud services over the next five years, so clearly this is the result of at least some of that investment.