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. Please click for more information, or scroll down to pass the ad, or Close Ad.
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
Vblock™ Systems:
Advanced converged infrastructure
increases productivity & lowers costs.

www.vce.com
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:



Barium Ferrite Is The Future Of Tape: Barium Ferrite (BaFe) offers greater capacity, superior performance, and longer archival life compared to legacy metal particle (MP) tape. Click here to learn more.


 Hardware
1.   Profit and Revenue Slip for IBM
2.   Online Access for the Deaf and Blind
3.   Vaio Fit Battery Danger Forces Recall
4.   Drop in Global PC Shipments Slows
5.   Fast Seagate 6 TB Drive for Data Center


advertisement
Online Access for the Deaf and Blind
Pilot program provides technology tools.
Average Rating:
Fast Seagate 6 TB Drive for Data Center
Can use 12 Gb/s SAS interface.
Average Rating:
Sony Digital Paper Cuts Paper Waste
High price justifiable for business.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
Heartbleed Exploit Could Cost Millions, Could Have Been Prevented
Early estimates of Heartbleed’s cost to enterprises are running in the millions. The reason: revoking all the SSL certificates the bug leaked will come at a very hefty price.
 
Michaels Says Nearly 3M Credit, Debit Cards Breached
Arts and crafts retail giant Michaels Stores has confirmed that a data breach at its POS terminals from May 2013 to Jan. 2014 may have exposed nearly 3 million customer credit and debit cards.
 
Google's Street View Software Unravels CAPTCHAs
The latest software Google uses for its Street View cars to read street numbers in images for Google Maps works so well that it also solves CAPTCHAs, those puzzles designed to defeat bots.
 

Enterprise Hardware Spotlight
Vaio Fit 11A Battery Danger Forces Recall by Sony
Using a Sony Vaio Fit 11A laptop? It's time to send it back to Sony. In fact, Sony is encouraging people to stop using the laptop after several reports of its Panasonic battery overheating.
 
Continued Drop in Global PC Shipments Slows
Worldwide shipments of PCs fell during the first three months of the year, but the global slump in PC demand may be easing, with a considerable slowdown from last year's drops.
 
Google Glass Finds a Home in Medical Education, Practice
Google Glass may find its first markets in verticals in which hands-free access to data is a boon. Medicine is among the most prominent of those, as seen in a number of Glass experiments under way.
 

Mobile Technology Spotlight
Review: Siri-Like Cortana Fills Windows Phone Gap
With the new Cortana virtual assistant, Windows catches up with Apple's iOS and Google's Android in a major way, taking some of the best parts of Apple's and Google's virtual assistants, with new tools too.
 
With Galaxy S5, Samsung Proves Less Can Be More
Samsung has produced the most formidable rival yet to the iPhone 5s: the Galaxy S5. The device is the fifth edition of the company's successful line of Galaxy S smartphones, and shows less can be more.
 
Facebook Rolls Out Potentially Intrusive Location-Sharing
Looking for friends? Facebook users in the U.S. will soon be able to see which of their friends are nearby, using a smartphone's GPS. Could be a cool feature in some cases, or way too much information.
 

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 | XML/RSS Feed

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.