The document discusses Cisco's virtualized network services that are designed for cloud environments. It introduces several virtual appliances that provide network services including the Virtual Supervisor Module (VSM), Virtual Security Gateway (VSG), virtual WAAS (vWAAS), ASA 1000V, and Nexus 1000V. These virtual appliances can provide services like distributed switching, firewalling, VPN, WAN optimization, and security policies on a per-tenant basis to virtualized and multi-tenant cloud environments.