Cisco to build $100 million innovation centre in Toronto

TORONTO - Cisco today announced Toronto has been selected as the location for one of four global Cisco Internet of Everything Innovation (IoE) Centres, representing a planned investment of up to $100 million over 10 years.The multi-million dollar investment will establish research chairs, professorships and innovation centres at 10 universities across Canada; will see up to $4 billion invested over 10 years to expand Cisco’s footprint in Ontario while creating up to 1,700 new jobs. Cisco also said it would sign on as a premier partner for the 2015 Pan Am/Para Pan Am Games.Toronto will join Songdo, South Korea; Rio...