Cisco announced an investment of $500 million in Germany over the next three years under a program called “Deutschland Digital” that focuses on innovation, security and education. Planned investments foresee funds for specific digitization projects, research projects, an expansion of the Cisco Networking Academy, and direct investments in venture funds, as well as to human resources and infrastructure spending. Cisco will expand its investment in start-ups and venture funds in Germany with priority areas such as security, cloud, and Internet of Things (IoT). The company also seeks to partner with the public sector and contribute to large-scale transformation projects such as smart cities and regions as well as healthcare and utility networks.
“Digitization goes beyond connectivity. It gives you the ability to secure data, act on data and deliver value based on data,” says Oliver Tuszik, general manager Cisco Germany. “Digitization benefits countries, cities, companies and every one of us. It creates competitiveness, improved public services and better quality of life, particularly amongst the demographic changes over the next years. We would like to make our contribution to this transformation, in addition to our ongoing investments.”
Chuck Robbins, CEO of Cisco, commented: “Germany has long been known for its focus on innovation, and digitization opens up unprecedented opportunities for the country. With our increased investments in education, innovation and security, we can help create a digital Germany that can bring even greater value to the country and its citizens. Cisco is honored to partner with Germany on ‘Deutschland Digital.’”
http://newsroom.cisco.com/press-release-content?type=webcontent&articleId=1752243
- In Europe, Cisco previously announced investment plans for digitization acceleration in the U.K., France and Italy. “We all understand there is enormous potential in Germany through digitization”, says Tuszik. “Now, we need to accelerate and make it a success. This is where we want to make a contribution through our investment.”
