world-news

Cisco set to open new centre in Israel

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 USD 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 USD 113 billion and employs more than 65,000 workers around the world.

--IANS (Posted on 19-06-2013)

world-news headlines

'Game of Thrones' characters' monikers trending as baby names

Moyes 'well into planning' to start Man U rebuilding job post season end

Nigerian military admit 85 out of more than 100 abducted girls still missing

Snowden unhappy over Putin's 'evasive' denial of mass surveillance in Russia

'Pee on a stick' parties latest trend among preggers

High-energy laser beam shot into clouds could make rain, lightning happen at will

Monica Lewinsky's mail ditched from latest batch of Clinton docs released online

Chromebook may soon open when close to your smartphone sans password

Important not to give political colour to inter-ethnic relations, says Kazakh President

Man City planning record 250 mln-pound swoop to bag Barca star Messi

Paramount, China Film Co sign deal to produce 3D 'Marco Polo'

Hafeez imparting young cricketers in native city with 'Skills to Shine'

Quick Links: Goa | Munnar | Pondicherry | Free Yearly Horoscope '2014

Comments

Your e-mail:


Your Full Name:


Type verification image:
verification image, type it in the box

Message:

Back to Top