The Jerusalem Post annual conference: 7 Israeli ministers will meet you there!
Israel, Microsoft set to sign cooperative agreement
By
November 5, 2012 10:28
Finance Minister Steinitz meets with Microsoft CEO Ballmer in Jerusalem to discuss strategic partnership to promote technology.
Finance Minister Steinitz, Microsoft CEO Ballmer

Finance Minister Steinitz with Microsoft CEO Ballmer 370. (photo credit:Ronen Leibowitz)

Finance Minister Yuval Steinitz met with Microsoft CEO Steve Ballmer Monday morning in Jerusalem to discuss a strategic cooperation agreement to promote Internet Cloud Technology.

The timing of Ballmer's trip, just ten days after Microsoft launched Windows 8, highlights Israel's importance in the hi-tech realm.



Be the first to know - Join our Facebook page.





According to the Finance Ministry, the government is set to sign a memorandum of understanding with Microsoft that will outline the parameters of the relationship, including a focus on areas ranging from technological development, the handling of large databases and the use of technology to reduce bureaucratic burdens, to data protection and privacy, the development of e-government services, and information-sharing capabilities.

Finance Minister Steinitz hailed the partnership, saying "global companies should be encouraged to invest in Israeli technology and establish development centers in the country."

"These investments yield mutual benefits," he continued, "the Israeli government benefits from global knowledge, whereas companies benefit from Israel's human capital and the relative advantage of the country's hi-tech industry."

For his part, Ballmer praised Israel's technological innovation as "the driving force behind Israel's dynamic economy."

"Microsoft is proud to work in an environment that nurtures innovation and has created such a large number of successful companies," he said.

Ballmer also met with Prime Minister Binyamin Netanyahu later in the day, during which they discussed Microsoft's commitment to Israel as well as the company's vast investments in the local market which have fostered economic growth.

Following their meeting, Netanyahu said that "The combination of the State of Israel and Microsoft is natural since the Israeli high-tech industry is among the world's leaders.

"Microsoft was wise enough to see its potential many years ago and to benefit from the quality personnel in Israel. Our investment in high-tech industries and in training people for high-tech will continue to succeed and bear fruit. I believe that cooperation between the State of Israel and Microsoft will continue for many years."

In September, Microsoft Corporation completed the establishment of its Israeli innovation center, one of 31 Microsoft Technology Centers worldwide. Microsoft invested millions of dollars in the Microsoft Technology Center Israel, based at Microsoft Israel Ltd.'s premises in Ra'anana.

Globes contributed to this report.
Relevant to your professional network? Please share on Linkedin

Tags:
  • internet
  • business
  • steve ballmer
  • Prev Article
    Israelis lag behind others in financial literacy
    Isreli currency.
    money
    Your investments: Common mistakes retirees make
    Next Article
    Share this article via
    from around the web
    Related Content
    The Teva Pharmaceutical Industries
    April 30, 2015
    Teva doubles down on Mylan, despite rejection

    By GLOBES, NIV ELIS

    Top Stories
    Israel Weather
    • 10 - 23
      Beer Sheva
      11 - 20
      Tel Aviv - Yafo
    • 13 - 21
      Jerusalem
      11 - 21
      Haifa
    • 16 - 30
      Elat
      12 - 24
      Tiberias