web analytics
December 11, 2016 / 11 Kislev, 5777

Posts Tagged ‘cisco’

Cisco Laying Off 14,000 Worldwide, 300 at Most in Israel

Wednesday, August 17th, 2016

The San Jose, CA headquartered networking giant Cisco is about to announce the layoffs of as many as 14,000 employees, or about 20% of its global workforce, according to sources close to the company. Early retirement package plans have already been offered to many employees, as Cisco is preparing to publicize its fiscal quarter results Thursday evening. According to Calcalist, the layoffs will include between 200 and 300 Israeli employees.

Cisco Israel, headquartered in Netanya, employs more than 1,500 workers. Last October it let go of 40 employees and over the past three years of about one thousand. At the same time, according to Calcalist, Cisco has also been recruiting new employees in Israel, as well as making acquisitions: Cloudlock for $293 million in June, and Leaba for $320 million in March. Cisco has also signed a cooperation deal with Israel’s largest financial institution, Bank Hapoalim, and announced a new initiative with the Israeli government, turning the Negev into the “world’s first digital region.”

According to CRN, the heavy cuts are the inevitable result of Cisco’s transition from its hardware roots into a software-centric organization. CRN cites a source familiar with Cisco’s transformation that said “they need different skill sets for the software-defined future than they used to have. In theory the addressable market could be higher and the margins richer, but it will take some time to make this transition.”

The notion that a good portion of that future growth will involve Israel’s quality software workforce bodes well for the local hi-tech industry.

David Israel

Cisco Highlights Global Confidence in Israel

Tuesday, July 5th, 2016

1. During January-June, 2016, Israeli companies were acquired by global companies for $2.4BN, compared with $3.4BN during the whole of 2015. For example, the California-based $60BN Cisco, the largest networking company in the world, acquired Israel’s cyber technology Cloudlock for $293MN, Cisco’s 2nd Israeli acquisition in 2016 (Leaba Semiconductor – $375MN) and its 13th acquisition in Israel, since 1998, totaling $2.2BN….

2.  According to Cisco’s Chairman, John Chambers: “Israel is the most innovative country, producing the best startups…. Cisco invested $150MN in 30 Israeli startups, $60MN in four Israeli venture capital funds and acquired 13 Israeli companies since I became Cisco’s CEO….”

3. Bill Gates made his first investment in Israel, along with Boston Scientific….

4.  June, 2016 highlighted the appeal of Israel’s startups to foreign investors. For example….

5.  The terms of Israel’s acquisition of the F-35 – which is the most expensive military transaction in Israel’s history –  underline Israel’s unique  role as the most effective battle-tested laboratory of the US defense industries, and Israel’s contribution to the US national security and economy….

Yoram Ettinger

Venture Capital Fund Awards Israeli Start-Up $ 1 million

Wednesday, February 26th, 2014

Jerusalem Ventures Partners (JVP). Israel’s leading VC firm and the largest early-stage cyber-security investor in Israel, announced Wednesday that Titanium Core, an innovative startup that protects mission-critical infrastructure, has won JVP’s first ever “Cybertition” cyber-security startup competition.

JVP will reward Titanium with an instant $1 million Investment and a spot in JVP Cyber Labs incubator based in the growing cyber epicenter in Beer Sheva.

The company was founded by Prof. Yuval Elovici, the head of the Cyber Security Lab at Ben-Gurion University. Titanium Core utilizes a multilayered security approach to repel attacks on mission-critical systems, while simultaneously preventing the threat from moving on to other computer systems and providing real time information on the attack.

“Our patented technology can provide an unbreakable security layer around core, mission-critical systems,” said Mimram, Co-Founder and CTO of Titanium Core. “This funding along with the guidance of the Cyber Labs incubator will allow us to bring our vision to market and ensure that this technology can be utilized to protect the world’s critical IT assets.”

JVP’s first Cybertition judging committee included JVP Partners and analysts along with top executives from leading multinational corporations such as GE, Cisco, Microsoft, EMC-RSA and Lockheed Martin, as well as Israel’s Chief Scientist.

Jewish Press News Briefs

Be’er Sheva Prepares to Be the New Israeli Silicon Valley

Monday, January 27th, 2014

The launching of the CyberSpark national cyber complex in Be’er Sheva this week prepares the way for what the “capital of the Negev” hopes will turn the city into Israel’s next Silicon Valley.

Lockheed Martin and IBM formally announced that they will set up their research activities in the park, joining Deutsche Telekom and EMC.

More than 450 heads of industry and cyber security agencies from around the world attended Tel Aviv’s Cybertech 2014, where the announcements of CyberSpark were made. Among those attending were 50 people from the White House and the Department of Homeland Security, and top officials from Checkpoint, IBM, Cisco, EMC and Kaspersky.

“Beer-Sheva will not only be the cyber capital of Israel but one of the most important places in the cyber security field in the world,” Prime Minister Benjamin Netanyahu declared at the opening of the conference.

CyberSpark is being billed as the only complex of its kind in the world that includes industry leaders, academic research, leading security agencies, educational facilities and human capital specializing in cyber security and national government agencies.

Their goal is to produce a complete eco-system which will contain all the components needed to create a global leader in the cyber field by the pooling of resources, shared technology infrastructure construction and synergy of specialists, researchers and students.

Jewish Press News Briefs

PA Entrepreneurs Shun Politics in Cisco Systems Training

Friday, July 26th, 2013

Palestinian Authority entrepreneurs are not interested in politics and concentrate on business in a Cisco-Israel training program, Forbes business magazine reported. Israeli Jewish high-tech experts coach PA CEOs and middle-level managers in the sessions.

Cisco CEO John Chambers began thinking about the program after meeting with  chairman Mahmoud Abbas in Ramallah in 2008.

“I personally went to Cisco and said, ‘Forget about donating; allocate part of the money and help us create jobs,” according to  Tariq Maayah, a top Palestinian entrepreneur and business leader who spoke with Forbes.

Jews are carrying out the training because Cisco could not find any qualified PA Arabs.

“We didn’t find any Palestinian experts with the kind of credentials or backgrounds we needed,  and to bring them from the [United] States would be too expensive, so we have to use the Israeli Jews. Because we have plenty of those in Israel,” explained Gai Hetzroni, a top Cisco R&D executive. “

Jewish Press News Briefs

US Security Expert Warns of Dangers in Israel’s Digital Plan

Thursday, July 11th, 2013

The director of a Washington-based security forum warns that Israel’s innovative plan to go digital could compromise its national security.

“There is national security and innovation and you have to find the right balance,” Cyber Security Forum Initiative chief Paul de Souza told Bloomberg News. The government plans to work with Cisco System to make Israel the first total digital country with a fiber-optic network built for Israel Electric Corp.

Cisco CERO John Chambers said last month that his company would secure the network  and make it “the best there is in security on a global basis.” The company also created a technology incubator in Israel for cyber defense startups.

De Souza warned that a failure to build a multi-layered and complex security system would allow criminals or terrorists to “harvest millions of zombies,” referring to computers that are compromised so they can be remotely controlled. “Imagine Israel with millions of zombies that have super capability and can bring down countries,” he said. “Not only can these computers attack Israel itself, but they can at the same time use Israel as a way to attack other countries in the whole false flag thing and put the blame on Israel.”

Jewish Press News Briefs

Israel Will Be ‘First Totally Digital Country,’ Says Cisco CEO

Wednesday, June 19th, 2013

Cisco’s CEO touts Arab-Jewish teamwork, meet with Peres, announces an innovation venture with   Bezeq communications system, and predicts Israel will be the world’s first totally digital country.

Cisco CEO John Chambers, speaking about his company’s involvement in Israel Electric Corporation’s fiber optic venture, predicted on Wednesday, “Israel is about to become the first fully digital country in the world.”

“This is something that most countries do a little at a time; you are going to do everything at once,” he added.

Cisco also announced it is opening a new innovation center with Israel’s Bezeq communications system and its mobile cell division Pelephone and will test on Pelephone’s live production network the world’s first self-optimizing heterogeneous configuration that combines small-cell, Wi-Fi and macro technologies, Globes business newspaper reported.

Last February, Cisco paid $475 million for Israel’s Intucell company.

Chambers. who attended President Shimon Peres’ pre-90th birthday celebrations Tuesday night, said after meeting with Wednesday with Prime Minister Binyamin Netanyahu that Cisco intends to make available $15 million for funds “that support integration of Israeli Arabs, and development of innovative security technologies.”

Cisco already employs approximately 200 people in Israel and intends to hire 100 more,

Jewish Press Staff

Printed from: http://www.jewishpress.com/news/israel-will-be-first-totally-digital-country-says-cisco-ceo/2013/06/19/

Scan this QR code to visit this page online: