Cisco Israel, a wholly owned subsidiary of Cisco International, is a worldwide leader in networking for the Internet.

Highlights

·          1995-Cisco Systems established an Israeli marketing branch, employing fifteen people, responsible for Israel, Malta, and Cyprus

·          1998-A design center was established in Netanya with 25 people.

·          2004-Cisco Systems Israel built the IP infrastructure at Ben Gurion Airport's new Terminal 3 at a cost of $7 million.

·          Cisco Systems Israel is Cisco’s 2^nd largest design center outside the United States with over 750 employees, including 500 research and development engineers.

·          Cisco Networking Program in Israel consists of over 50 academies and 1700 enrolled students.

·          Cisco owns nine companies in Israel, including Class Data, Seagull, Pentacom, HyNEX, InfoGear, Riverhead, Actona, P-Cube and Sheer Networks.

·          Cisco's's R&D centre in Netanya employs over 700 engineers, making it the company's second-largest design site outside the U.S.

·          Cisco CEO and President, John Chambers, visited Israel in 2008 on his first visit.

·          2008-Two programs - the Mediterranean Youth Technology Club (MYTecC), and Digital Cities –will be launched in Israel at a cost of 2.5 million, aimed at using communications technology to advance peace and assimilate underprivileged youth into the high-tech sector.

·          2008-Cisco announced a suite of new solutions for the small and medium-sized business (SMB), including technical services, the tripling of unified communications capabilities up to 48 users, and the addition of four new Ethernet switches.

·          2008-Together with Intel Corp, Xero12 Golden lines and the Jerusalem Commerical Development Company, Cisco Israel makes Jerusalem the first Wireless City in Israel.

Investments and Returns

·          1998-Cisco acquired privately-held CLASS Data Systems of Raanana, Israel, a software solutions company that enables policy-based quality of service in Internet Protocol (IP) networks

·          2000-Cisco Israel acquired HYNex Ltd, a subsidiary of Elbit Technologies, an Israeli intelligent access device developer whose products are used to design ATM networks.

·          2004-Cisco Systems purchased Israeli start-ups, P-Cube, for $200 million and Riverhead Networks for $39 million.

·          2007-To date, Cisco has invested $230 million in R&D at its Netanya facility.

·          Cisco Systems net sales for fiscal 2007 were $34.922 billion; net income for the same period amounted to $7.3 billion.