Israel, Microsoft set to sign cooperative agreement

Finance Minister Steinitz meets with Microsoft CEO Ballmer in Jerusalem to discuss strategic partnership to promote technology.

By
November 5, 2012 10:28
1 minute read.
Finance Minister Steinitz, Microsoft CEO Ballmer

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

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

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.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS