TORONTO will soon be one of four new global ‘Internet of Everything’ innovation centres. California-based CISCO will be opening three other centres in BRAZIL, SOUTH KOREA and GERMANY.
CISCO ‘IT’ Corporation is investing $100-million over the next 10 years to create a 15,000-square-foot space & new Canadian headquarters within Waterpark Place on Queens Quay between Bay and York Streets.
The company – world’s largest maker of computer networking equipment – has promised to invest up to $4-billion in the province of Ontario, and plans to create 1700 new jobs – potentially good news for laid-off BlackBerry workers in WATERLOO.
Deputy Mayor NORM KELLY: “Having [Cisco] here is going to help us compete in what’s going to be a fiercely competitive international environment.” Mayor ROB FORD was not invited to the announcement presentation last Wednesday.