web analytics
July 5, 2015 / 18 Tammuz, 5775
At a Glance
News & Views
Sponsored Post


Yoram Ettinger: Cisco and Facebook Expand Israel Operations

John Chambers, CEO of CISCO Systems, at the President's Conference in Jerusalem

John Chambers, CEO of CISCO Systems, at the President's Conference in Jerusalem
Photo Credit: Miriam Alster/Flash90

John Chambers, CEO of Cisco,  in Jerusalem for the recent President’s Conference told Israeli business daily Globes: “We’ll expand here soon…. There are a lot of opportunities here. It’s the second country, after the US, in terms of start-ups and entrepreneurship. There are companies here that do not grow enough, and what we do is to bring these companies into the Cisco family and grow their activity. I don’t think that there is a better time to invest here, in partnerships, venture capital, and help our partners expand.

In March, Cisco acquired NDS, a London-based company with its development center in Israel, for $5 billion.

“Having the NDS base in Israel, we can enter fields such as security…. Although NDS’ headquarters are in Britain, its heart and soul are in Israel,” Chambers continued. “This is a country whose leaders and entrepreneurs I believe in. I believe that it’s possible to find a successful formula for both sides…. Cisco and the Israeli government have set up a joint team to examine ways of expanding their collaboration” (Globes Business Daily, June 21, 2012).

Cisco Systems Israel is Cisco’s second-largest design center outside the United States with over 750 employees, including 500 research and development engineers. Among Cisco’s numerous Israeli acquisitions are:  ClassData, $50 million (May, 1998); InfoGear, $300 million (March, 2000); HyNEX, $127 million (June 2000); Actona, $100 million (June, 2004); P-Cube, $200 million (August, 2004); and as mentioned – NDS, $5 billion, March 2012.

For its part, Facebook acquired Israel’s Face.Com for between $50 million-$100 million, its second Israeli acquisition, following the March 2011 acquisition of Snaptu for $70 million.

Lars Christensen, founder and CEO of Denmark’s Saxo Bank – the second largest foreign exchange broker in the world – which has recently entered the Israeli market: “We’ve identified a long-term potential in the Israeli market, especially due to Israel’s competitive edge in the area of technology.” In July, 2011 Saxo Bank acquired 25% of Israel’s Leverate and 100% of the activities of Israel’s Lembex Trading and Investment.

Originally published at http://www.theettingerreport.com/Home.aspx

About the Author: Ambassador (ret.) Yoram Ettinger is consultant to Israel’s Cabinet members and Israeli legislators, and lecturer in the U.S., Canada and Israel on Israel’s unique contributions to American interests, the foundations of U.S.-Israel relations, the Iranian threat, and Jewish-Arab issues.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Yoram Ettinger: Cisco and Facebook Expand Israel Operations”

Comments are closed.

Current Top Story
Future guard? Arab child with Hamas headband aims toy rifle on the Temple Mount after prayers in the Al Aqsa mosque.
CNN Promotes Old City on Verge of Extinction Due to ‘Political Tension’
Latest News Stories
Likud member Mendi Safadi and Rabbi Yehudah Glick with Turkish MP Feyzullah Kiyiklik in Istanbul.

Israeli Druze Likud member Mendi Safadi met in Turkey on regional issues with political and religious figures.

Firefighting over Ein Yael, Jerusalem

Firefighters fought a large fire in Ein Yael, Jerusalem, located opposite the Biblical Zoo, and up the road from Malcha Mall.

John Kerry says in Vienna today what he said in Switzerland three months ago.

Reporter Laura Rozen: “How many ways can I say significant progress made but important differences remain?”

Future guard? Arab child with Hamas headband aims toy rifle on the Temple Mount after prayers in the Al Aqsa mosque.

CNN put the UNESCO site at the top of the list, implied Israel it to blame for its being “endangered but failed to mention Jordan’s responsibility.

In three weeks, the Fast of the 9th of Av will be on the 10th of Av.

Netanyahu falsely accused Bennett of signing a coalition agreement that returns more power to Hareidim.

US-led talks with Tehran appear to have reached a deal on sanctions relief: but what about access to Iranian nuclear sites?

Arab leaders realize the existential threat posed by ISIS: Tunisia is at a state of emergency; Egypt has declared “war.”

Six terror fugitives were arrested by IDF soldiers overnight in Judea and Samaria.

PM Netanyahu this week identified ISIS and Iran as Israel’s primary threat. It is a planetary threat that carries the promise of peace.

Temple Mount activist Rabbi Yehuda Glick talks peace in Istanbul with a state official and on A9TV with Islamic scholar Adnan Oktar.

Yifat Shoham, one of the longest-running directors of Leumit HMO in Arad, has passed away. Baruch Dayan HaEmet.

Once again, rioting Arabs succeed in preventing Jews and other visitors from entering the Temple Mount.

Kerry spent the Fourth of July talking with his Iranian counterpart, Mohammad Javad Zarif.

Thirty Policemen escorted a total of 21 neo-Nazi in the “anti-Jewification” protest that flopped.

ISIS released a video of a modern-day replay of the thirst for blood in ancient Roman amphitheaters.

More Articles from Yoram Ettinger
Mahmoud Abbas gets his cake and eats it, too.

Abbas’ regime is defined by corruption, kleptomania, nepotism, hate-education, incitement, terrorism

Map of Saudi Arabia and eastern Africa.

Could the enemy (Saudi Arabia) of Israel’s enemy (Iran) become Israel’s friend? It’s highly doubtful

Increased foreign investments in Israel constitute an accurate measure of Israel’s global standing

School textbooks of tyrannies are the most authentic reflection of a regime’s nature and mission

Pentecost, derived from the Greek word for 50, is celebrated 50 days after Easter.

Realizing there was no US military threat, Iran resumed, expanded & accelerated its nuclear program

Suspension of disbelief towards Iran characterizes the Pres. administrations of both Carter & Obama

At 67, Israel reaffirms a historic fact: Pressuring the “Jewish Olive” produces superb oil!

Printed from: http://www.jewishpress.com/news/israel/yoram-ettinger-cisco-and-facebook-expand-israel-operations/2012/06/24/

Scan this QR code to visit this page online: