Cisco will provide services specially optimized for iOS devices across mobile, cloud, and on premises-based collaboration tools such as Cisco Spark, Cisco Telepresence and Cisco WebEx, the companies said in a statement.

Apple is expanding its foothold in the enterprise arena at a time when iPad sales are shrinking. Cisco, on the other hand, has been investing in products and services such as data analytics software, security and cloud-management tools.

Last year, Apple partnered with International Business Machines Corp to sell iPhones and iPads loaded with applications geared at enterprise clients.

Apple's shares were marginally down at $112.84 in late-afternoon trading, while Cisco was down about 1 percent at $25.75.

(Reporting By Lehar Maan in Bengaluru; Editing by Maju Samuel)

Stocks treated in this article : Apple Inc., Cisco Systems, Inc.