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Cisco Commits $100 Million to Drive the Digital Acceleration of Italy | |
Posted: Tue Jan 19, 2016 02:34:02 PM | |
Rome, 19 January 2016 – Following a meeting today among Prime Minister Matteo Renzi, Cisco CEO Chuck Robbins and Cisco Italy General Manager Agostino Santoni, Cisco has announced a series of strategic commitments in Italy that will total $100 million over the next three years. The news today sees Cisco complement the heightened focus from the Italian government to drive digital transformation and reap the benefits of digitization by way of a twofold approach: increasing digital skills and awareness in Italy, and fostering Italy’s innovative technology startup community. Increasing Digital Skills and Awareness in Italy
Fostering Italy’s Innovative Technology Startup Community
Cisco also announced that on the basis of this commitment, it will pursue in the next three years initiatives related to research and development, collaboration with Italian universities, and initiatives to accelerate digital transformation in two Italian industries of excellence, manufacturing and agrifood business. Cisco will continue investing in Research and Development efforts within Cisco® Photonics laboratories, based in Vimercate (MB), Italy. These labs lead global Cisco R&D activities focused on technologies for optical networks and have a long-standing collaboration with the most important Italian academic research centers. The company will look to develop new collaboration opportunities with Italian academic institutions, focusing on training and research in the cybersecurity area; Cisco will also further expand its efforts in helping Italian manufacturing and agribusiness companies in their path toward digital transformation, accelerating the adoption of technological solutions to strengthen their global competitiveness and assert the primacy of “Made in Italy” innovation and quality. Chuck Robbins, Cisco CEO, said: "I greatly admire Prime Minister Renzi for his strong vision to digitize Italy, and Cisco is honored to be Italy's partner. Through our increased investments, Cisco will develop an ecosystem of talent, entrepreneurship and innovation to accelerate Italy's digital journey and help them realize the unprecedented opportunity ahead." |