Cisco CEO John Chambers in Israel againJun. 17, 2013
Cisco Systems CEO John Chambers, one of the leaders in global high tech, is making another visit to Jerusalem, exactly a year after his last visit. The official reason for the visit, as well as for the previous one, is to attend the President's Conference to which he was invited by President Shimon Peres. Chambers will arrive today for a three-day visit.
In addition to Peres, Chambers will hold high-level political meetings, including meetings with Prime Minister Benjamin Netanyahu, Minister of Finance Yair Lapid, Minister of the Economy Naftali Bennett, Minister of Communications Gilad Erdan, Minister of Education Shai Piron, and Minister of Health Yael German. He will also meet with Cisco Israel employees.
Last year, Chambers visit was marked by Cisco's acquisition of NDS for $5 billion a few months earlier. The acquisition again turned Israel into a strategic powerhouse for Cisco. At the time, Chambers said that NDS was not the end, saying, "You'll see us expand here soon."
Six months later, in January 2013, Cisco did just that, acquiring Intucell for $475 million. The acquisition turned Cisco's Israeli development center into a spearhead in one of the hottest fields in the telecommunications equipment industry: automating changes in receivers and transmitters (RAN).
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