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PRESS RELEASE

Brazil's Government Delegation to Visit Cisco in San Jose, California

Activity is part of the Information Technology Industry Council agenda, which also includes roundtable with companies in Silicon Valley

Sao Paulo, BRAZIL, July 17, 2012 - About 10 Brazil´s Government officials will visit IT companies in Silicon Valley, USA, between July 17th and 19th. The visit, organized by ITI - Information Technology Industry Council, aims to strengthen the relationship of the Brazilian government with American technology companies and includes a visit to Cisco headquarters in San Jose, Calif., on July 17th.

Joining the delegation will be Paulo Bernardo, the minister of communications in Brazil; Maximiliano Martinhão, the secretary of telecommunications; Nelson Fujimoto, the secretary of innovation; and Virgílio Almeida, the secretary of ITC policy. The official group also includes representatives of Brazil´s telecommunication regulatory agency (Anatel), Brazil´s development bank (BNDES) and Brazil´s trade and investment promotion agency (APEX).

The delegation will visit Cisco's San Jose Executive Briefing Center - which brings together demonstrations of main Cisco technology solutions and discussions about current and future business needs, where they will exchange ideas with industry and technology experts about innovation strategies. The key technology solutions to be highlighted will include those for urban development, large events, education and healthcare. Cisco CEO John Chambers will welcome the Brazilian authorities along with global executives from Cisco, including Wim Elfrink, chief globalisation officer and executive vice president for the Emerging Solutions Group, and Chuck Robbins, senior vice president of the Americas.

Recently, Cisco has announced strategic investment initiatives in Brazil to foster innovation, transformation and socio-economic development, expanding Cisco's presence in the country and highlighting the importance of investments in information and communications technology for the country's growth and competitiveness. Cisco will invest over R$ 1 billion during the next four years around four main pillars: the opening of a Cisco Center of Innovation in Rio de Janeiro; investment in Brazil-focused technology venture capital funds; the expansion of local manufacturing in the country; and intellectual property agreements and partnerships with Brazilian companies and entities to co-develop innovations to better serve the Brazilian market.

The schedule of the delegation of Brazilian government officials in the U.S. also includes a visit to Stanford University and a roundtable on the priorities of the ICT industry in Brazil, with the participation of executives from U.S. companies with operations in the country. The discussions will focus on strategies to promote innovation in Brazil and how to use ICT as a differentiator for growth and competitiveness.

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