Netanyahu meets with Cisco CEO John Chambers 370.
(photo credit: GPO)
Cisco Systems CEO John Chambers said his corporation will expand in Israel at a
press conference Tuesday in the Jerusalem offices of recently acquired digital
TV broadcasting encryption developer NDS Group.
“There are a lot of
opportunities here,” he said. “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.”
on his first public visit to Israel in more than four-and-a-half years, should
know what he is talking about. In March, Cisco acquired NDS, a London-based
company with its development center in Israel, for $5 billion.
also have the NDS base in Israel, we can enter fields such as security,” said
Chambers. “Although NDS’s headquarters are in Britain, its heart and soul are in
Chambers’s confidence in Israel is also based on a 15- year
personal relationship with President Shimon Peres.
“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