In the past few years, Cisco has been honored to host then-British Prime Minister Tony Blair, then-US President George W. Bush and now Russian President Dmitry Medvedev. Why Cisco, you ask? We are at the center of transforming nations and industries and the network has never been more relevant in connecting people and making businesses, governments and industries more productive and more efficient. The network really is at the center of it all.
We were pleased to welcome Russian President Medvedev to Cisco’s campus today for a technology demonstration and signing of an MOU committing Cisco to a multi-year $1B USD investment in Russia. California Governor Schwarzenegger was also in attendance.
Why did the Russian President visit Silicon Valley, you ask? Silicon Valley is the birthplace of technology innovation. We have created products that have changed lives around the world. Silicon Valley is a true melting pot where people from every country and walk of life come together to create, transform and take on the world’s most daunting challenges. President Medvedev’s visit demonstrates that we live in an increasingly connected, global economy that enables countries to benefit from each other through trade and closer relations.
"President Medvedev's vision of transforming economic development through innovation is closely aligned with Cisco's belief that the innovative application of technology can have a positive impact on a country's competitiveness, diversification of its industry base, its ability to create jobs and improve quality of life for its citizens.”
- Cisco Chairman and CEO John Chambers
(From left: Russian President Dmitry Medvedev with Cisco Chairman and CEO John Chambers.)
(Credit: Cisco Flickr)
On his trip, President Medvedev will see Silicon Valley’s power to continually reinvent itself – and in doing so create the framework for another generation of innovation and economic growth.
When Cisco looks to invest, we have capability to go anywhere in the world. Russia has seen what Silicon Valley has done for this country and the world and they want to replicate it. President Medvedev and other world leaders understand that innovation is the new playing field. It’s about: country transformation; job creation; education and healthcare…and, ultimately, the future of a country’s competitiveness. It is where global leadership will be determined. Cisco is happy to help play our part.
We were honored to host President Medvedev today and we look forward to hosting other world leaders soon.
VIDEO of Cisco CEO John Chambers with CNBC's Maria Bartiromo and CNBC Silicon Valley Bureau Chief Jim Goldman on our investment in Russia