Cisco to invest in Israeli Cyber Security Technologies

Cisco is enhancing its presence in Israel. Bryan Palma, Senior Vice President of Security Services of Cisco Systems announced this week that his company will invest tens of millions of dollars in Israeli venture capital fund, JVP. Fund information security the JVP is expected to raise a total of $ 120 million within the next few months.

"Israel is very important for Cisco. Cisco CEO John Chambers is personally committed to making Israel the first country in digital. We are working closely with the government and we are very excited about the work we are doing through education and health and cyber. Particularly in the IT sector, which is the area I am responsible. There are a couple of important things that we are doing here in Israel. The first is that we are hiring security consultants to join our team, because we know that there is great talent. Secondly, we are working with the government and start- ups to create a cyber - lab that will help advance the profession of computer security. The final one is really our strategic investment that we have made with the JVP. We think it's important to continue to invest here in Israel and we will continue to do so in computer and really make Israel become the nation's first digital,

The fund in which Cisco is set to invest is the seventh of the JVP, according to the filing with the SEC by the end of two months ago, signed by the general partners of the JVP; JVP said the new fund will invest in its core business: digital media, technology, cyber security and storage.
According to the JVP, " since the fund was founded in 1993 by (Labour Party), the JVP has invested about a billion dollars is about 100 companies, and has led to significant outputs 26." The new fund will increase the capital managed by the JVP to more than a billion dollars. JVP also has two technology incubators, investing in early stage companies - JVP Media Labs, run by JVP and Cyber Laboratories Beer Sheba.

Cisco is one of the most active multinational tech companies in Israel. The company, which develops equipment for IP-based networks for large organizations and telecommunications, has a large R & D center in Netanya. It also owns NDS, which has acquired in early 2012 for $ 5 billion. Cisco is the leading supplier of IBC, the communication initiative of Israel Electric Company. Cisco has granted credit 'initiative of more than $ 140 million, about 10% of the initial investment. Last November, Cisco has won a major tender of the Ministry of Defense to develop the network IP address of the IDF for over $ 150 million.