Skip to Content

    It will come as no surprise that the political and economic challenges in the Palestinian territories make it tough for the local economy to grow. Enter Cisco, which has pioneered an outsourcing collaboration between its Israel office and Palestinians with tech skills. The effort, now followed by companies like Microsoft and Google, has helped the area’s IT outsourcing sector grow 64% from 2010 to 2014. (Such tech work currently accounts for about 10% of the West Bank’s GDP.) Cisco, which provides much of the networking infrastructure in the Middle East, has also staked $15 million in local incubators and youth-training programs. Its West Bank investment is a mere glimpse into the broad reach of Cisco’s Networking Academy program, which has trained 5.5 million students around the world since 1997—nearly all in places that didn’t have endemic high-tech sectors. The ROI for Cisco? A broader, cheaper pool of technical workers—and a foothold in dozens of new markets.

    Fortune Data StoreLooking for leads, investment insights, or competitive intelligence?Get Premium Access

    Company Info

    Sector
    Technology
    Industry
    Communications Equipment
    Country
    U.S.
    Revenues ($ millions)47,142
    Company type
    Public
    CEO
    Charles H. Robbins
    Websitehttp://www.cisco.com
    Impact Segment
    Economic Opportunity/Financial Inclusion

    Fortune Rankings

    Fortune 500 Rank60
    Fortune 500 Profilehttp://fortune.com/fortune500/cisco-systems-60
    Most Powerful Women Rank-
    Most Powerful Women Profile-
    World's Greatest Leaders Rank-
    World's Greatest Leaders Profile-