Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
GET RECOGNIZED.
Let an ISACA® certification
elevate your career.

Register today and save
Hardware
24/7/365 Network Uptime!
Average Rating:
Rate this article:  
Cisco Planning Up to 5,000 Jobs in Ontario
Cisco Planning Up to 5,000 Jobs in Ontario

By Jennifer LeClaire
December 15, 2013 8:39AM

    Bookmark and Share
The multibillion-dollar Cisco-Ontario initiative builds upon Cisco’s growing presence in the province of Ontario, Canada, including investments in university chairs, planning for a new and expanded Toronto headquarters, the Pan Am Games technology infrastructure sponsorship, and Cisco 'Smart + Connected' community initiatives.
 



At a time when job cuts are an unpleasant reality in the technology and manufacturing industries, Cisco is about to go on a hiring spree. The networking giant is tag teaming with the Province of Ontario in Canada to accelerate the region’s status as a leader in technology innovation and a key player in the global research and development landscape.

Cisco and the Province of Ontario announced they have inked a 10-year agreement under which Cisco will add up to 1,700 high tech jobs with a focus on R&D within the first six years. The agreement also includes a framework with the potential to grow Cisco’s total Ontario employee footprint up to 5,000 by 2024, reflecting a potential total investment of up to $4 billion, including $2.2 billion in salaries alone. For its part, the Province of Ontario will provide up to $220 million in support of the total initiative.

"Canada continues to be one of Cisco’s best success stories globally,” said Rob Lloyd, Cisco's president of Development and Sales. “Cisco has invested in retaining and growing our employee footprint here in Ontario, particularly in R&D jobs. Today’s announcement with Premier Wynne is another milestone in driving our business in Canada and a testimony to our very positive relationship with the Province of Ontario."

Focusing on Economic Development

The multibillion-dollar initiative builds upon Cisco’s growing presence in Ontario, including investments in university chairs, planning for a new and expanded Toronto headquarters, the Pan Am Games technology infrastructure sponsorship, and 'Smart + Connected' community initiatives. With this partnership, Cisco said it is working to harness Ontario’s skilled workforce, educational institutions and competitive business climate.

“Our plan to create jobs and grow the economy is focused on smart, forward-looking investments that build on Ontario’s strengths,” said Kathleen Wynne, premier of Ontario. “Today’s announcement is about supporting our talented technology workers. Together, we’re going to show the world what Ontario can do.”

The agreement with Cisco supports the Province of Ontario’s focus on economic development and job creation. By partnering with Cisco, province representatives say they are demonstrating a commitment to fostering innovation and, through research and development, bringing new technology to market.

“Cisco’s investment positions Ontario as an undisputed leader in the global tech industry,” said Eric Hoskins, Minister of Economic Development, Trade and Employment for Ontario. “We’re sending a message to the world that Ontario is the best place anywhere for business to innovate, grow and create jobs. Today’s investment and the jobs it will create are part of our plan to create opportunity today and for the long-term.”

Creating High-Value Jobs

Government officials and Cisco leaders say they intend to continue focusing on initiatives to help Ontario realize a transformational vision, increase productivity, and drive world-class innovation and sustainable economic development.

Nitin Kawale, president of Cisco Canada, called the deal a significant milestone which builds on an existing partnership and a mutual commitment to drive productivity and create new economic opportunities.

“Together with the Province, we will create high-value jobs that will stimulate the economy,” Kawale said. “This initiative will also ensure that Ontario continues to be a leader in the information and communications technology industry, with a vast talent pool representing the country’s next generation of innovation.”
 

Tell Us What You Think
Comment:

Name:



Salesforce.com is the market and technology leader in Software-as-a-Service. Its award-winning CRM solution helps 82,400 customers worldwide manage and share business information over the Internet. Experience CRM success. Click here for a FREE 30-day trial.


 Hardware
1.   Schools Buy Million Chromebooks in Q2
2.   US Orders a New Cray for Nuclear Arms
3.   PC Shipment Slump Bottoms Out
4.   IBM Earmarks $3B for Next-Gen Chips
5.   Most Networks Not Ready for IoT


advertisement
Most Networks Not Ready for IoT
But most enterprises are prepared.
Average Rating:
Gartner Sees Tablets Up, PCs Down
But PC sales are recovering.
Average Rating:
Review: Tablets with Keyboard Covers
How do Surface and Lumia stack up?
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Juniper DDoS Solution Aims at High-IQ Networks
In the face of more complex attacks, Juniper Networks is boosting its DDoS Secure solution to help companies mitigate the threats with more effective security intelligence throughout the network fabric.
 
Large-Volume DDoS Attacks Hit Record in 2014
The number of distributed denial-of-service (DDoS) attacks set a record in the first half of 2014, according to a report by Arbor Networks. The number of attacks over 20 GB/sec doubled.
 
U.N.: Nations Hide Rise in Private Digital Snooping
Governments on every continent are hiding an increasing reliance on private companies to snoop on citizens' digital lives, the U.N. human rights office says, with grave concerns about privacy.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | Small Business | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.