According to The Australian Financial Review, US networking technology giant Cisco will pour $61 million into a new Australian plan to develop critical infrastructure, target work on government digitisation projects and invest in local start-ups.
The $61 million will be deployed over three years and forms part of a global Country Digital Acceleration program, which it claims helps countries to elevate their performance in the innovation stakes, while also helping reposition Cisco as a leading player and an employer of choice in the cloud and artificial intelligence era.
Australia and New Zealand vice-president Ken Boal told The Australian Financial Review the investment was the result of a 12-month push from the local team to convince Cisco chief executive Chuck Robbins about the region's potential.
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