Cisco (CSCO) Offers Details of Strategic Investments in Brazil
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Cisco (Nasdaq: CSCO) announced today new strategic investment initiatives in Brazil to foster innovation, transformation and socio-economic development, expanding Cisco’s presence in the country and highlighting the importance of investments in information and communications technology for the country’s growth and competitiveness.
Cisco will invest over R$1 billion during the next four years around four main pillars: (1) the opening of a Cisco center of innovation in Rio de Janeiro; (2) investment in a Brazil-focused ICT and digital economy venture capital fund; (3) the expansion of local manufacturing in the country; and (4) intellectual property agreements and partnerships with Brazilian companies and entities to co-develop innovations to better serve the market.
Cisco expects these investments will generate around 800 jobs in Brazil, directly and indirectly through its partner ecosystem, and more importantly, will create a platform for innovation and high-tech entrepreneurship in Brazil. The investments represent Cisco’s commitment to Brazil’s top innovation priorities and a long-term presence in the country.
Additionally Cisco will keep its commitment to the Corporate Social Responsibility and Research & Development initiatives in the country.
Cisco will invest over R$1 billion during the next four years around four main pillars: (1) the opening of a Cisco center of innovation in Rio de Janeiro; (2) investment in a Brazil-focused ICT and digital economy venture capital fund; (3) the expansion of local manufacturing in the country; and (4) intellectual property agreements and partnerships with Brazilian companies and entities to co-develop innovations to better serve the market.
Cisco expects these investments will generate around 800 jobs in Brazil, directly and indirectly through its partner ecosystem, and more importantly, will create a platform for innovation and high-tech entrepreneurship in Brazil. The investments represent Cisco’s commitment to Brazil’s top innovation priorities and a long-term presence in the country.
Additionally Cisco will keep its commitment to the Corporate Social Responsibility and Research & Development initiatives in the country.
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