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 working at Cisco center in Israel, reported Xinhua.
Chambers on 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.
Source: CIOL
Thursday, June 20, 2013
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