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The Minister of Finance and the Chairman and CEO of Cisco Meet in Jerusalem

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Friday, June 21st, 2013

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They discussed the importance of creating jobs, especially in the hi-tech field, and creating a “Digital Agenda” for the State of Israel. This year Cisco intends to recruit another 100 employees.            

The Minister of Finance, Yair Lapid, met in his office in Jerusalem today with the Cisco Chairman and CEO, John Chambers. They discussed the importance of creating jobs, especially in the hi–tech field, with the understanding that every hi-tech employee generates work for three additional employees in the second circle. Lapid and Chambers also discussed the creation of a “Digital Agenda” for the State of Israel with an emphasis on medicine, education and welfare. The “Digital Agenda” will enable the state to provide better services to its residents, promote the connection of the periphery to the center and upgrade the use of cloud technology in Israel.

Chambers stressed the importance of Cisco’s branch in Israel and promised that the company would continue to increase its commitment to Israel. Chambers noted that Cisco intends to establish a unique Research and Development Group staffed by Israel’s leading experts in the field of information security. The establishment of the Research and Development Group will be based on the accumulated knowledge of NDS, a company that is now part of the Cisco family, and will provide dedicated solutions and global support to its customers worldwide. In the coming year Cisco will recruit about 100 employees for this group who will join the 2,000 employees of the company in Israel.

The Minister of Finance, Yair Lapid: “Israel attaches great importance to developing a technological infrastructure that serves the people and increases the demand for jobs in Israel. We are pleased to continue our cooperation with Cisco, a company that not only invests in technology development but also centers on the working individual.”

The Cisco Chairman and CEO, John Chambers: “We look forward to expanding our cooperation with the State of Israel. Cisco has extensive international knowledge in various fields which enables it to change countries, leverage the technology to accelerate the economy and to increase productivity. This is part of our commitment to Israel.”