Cisco Canada signs ten-year deal with province
Posted Dec 13, 2013 10:38:07 AM.
This article is more than 5 years old.
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Cisco Canada has signed a ten-year deal with the Ontario government that could see the company invest up to $4 billion in the province.Cisco Canada president Nitin Kawale says the company will add up to 1,700 high-tech jobs within the first six years, with a focus on research and development.
The agreement also includes a framework with the potential to grow Cisco’s total Ontario employee footprint up to 5,000 by 2024.
Premier Kathleen Wynne was on hand for the announcement, and said the province will provide up to $220 million for the initiative.
Wynne says it’s the largest job-creating investment in Ontario’s high-tech sector, and calls it a substantial vote of confidence in the province’s educated workforce.
Cisco is a world leader in IT products and services.
Around this time last year, Cisco, in conjunction with the University of Waterloo, held a ribbon-cutting ceremony to celebrate the opening of the Cisco Incubation Centre to nurture Canada’s next generation of entrepreneurs.
The ceremony, which also marked the announcement of a Cisco Research Chair in Smart Grid at the University, was attended by representatives from the Kitchener-Waterloo region, the University, and Cisco Canada.
The Cisco Incubation Centre, located in the University of Waterloo’s David Johnston Research + Technology Park, will primarily focus on providing local start-ups and students with the opportunity to take advantage of Cisco’s collaboration technology, expertise and global partner ecosystem.
Researchers and entrepreneurs will have valuable access to the diverse Cisco® technology portfolio, including collaboration tools such as Cisco TelePresence®™, enabling collaboration with university technology research parks and innovation centres across Canada and around the world.
