Cisco and IDA fund R&D jobs to the tune of €26m
Wednesday, May 02, 2012
Cisco’s Research and Development centre located in Galway, Ireland is to be expanded thanks to the Industrial Development Agency’s investment. The exact breakdown of funding has not been revealed, but together Cisco and IDA will put €26m forward.
Following the investment 115 R&D jobs will be created, in addition to a more comprehensive range of research topics.
The Taoiseach – Ireland’s head of government – Enda Kenny said “The decision by Cisco to expand its research and development capabilities here in Galway demonstrates the value of economic stability and Ireland’s position in Europe when it comes to our ability to attract the overseas operations of world-leading multinational companies such as Cisco.”
Senior Vice President of the global collaboration business for Cisco, Barry O’Sullivan, said the talent pool in Ireland had a major part to play in the decision to extend the R&D capabilities. Cisco is not the only company who has expanded operations to Ireland, major players such as Apple, Microsoft, Amazon and Google have also set up data centres in Ireland.