Cisco set to open new centre in Israel

Jerusalem, June 19 (IANS) The US technology giant Cisco plans to open a new research and development center in Israel, the company's CEO John Chambers said during his meeting with Israel's Minister of Finance Yair Lapid.

Jun 19 2013, 2:08am CDT | by

Cisco set to open new centre in Israel
Photo Credit: JIM HOLLANDER, Getty Images

Jerusalem, June 19 — The US technology giant Cisco plans to open a new research and development center in Israel, the company's CEO John Chambers said during his meeting with Israel's Minister of Finance Yair Lapid.

The new centre is expected to offer 100 jobs, to be added to about 2,000 employees already work at Cisco center in Israel, reported Xinhua.

Chambers Tuesday said the new project, whose main focus is information security, would be based on knowledge accumulated at NDS, an Israeli hi-tech company acquired last year by Cisco for $5 billion.

"We would be glad to broaden cooperation with the State of Israel," said Chambers, who is on a three-day visit to Israel upon an invitation by President shimon Peres to attend the fifth Israeli Presidential Conference.

The US company's chairman is also due to meet with Israel's Prime Minister Benjamin Netanyahu, Minister of Economy Naftali Bennett, Minister of Communication Gilad Erdan and Minister of Education Shai Piron.

This is the third time Chambers is visiting Israel. His last visit in March 2012 was marked by the acquisition of the TV software developer NDS.

Based in San Jose, California, Cisco develops, manufactures and sells networking equipment and software. The company is evaluated at about $113 billion and employs more than 65,000 workers around the world.

IANS

Source: IANS

 
 
 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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