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Take Cisco’s billion dollar investment in the UK with a pinch of salt, warns top IT analyst

Written by Cio
Take Cisco's billion dollar investment in the UK with a pinch of salt, warns top IT analyst
  • Cio
  • 2 years ago
Take Cisco's billion dollar investment in the UK with a pinch of salt, warns top IT analyst 
Cisco’s newly announced pledge to spend US$1 billion (£650 million) within the UK tech sector has been criticised by leading IT analyst Richard Holway, who has questioned the long term benefit it will bring British business.

TechMarketView chairman and co-founder of the Prince’s TrustTechnology Leadership Group, Richard Holway, MBE today warned that Cisco could simply transfer innovation and job creation overseas through acquisition, which would hamper growth in years to come.

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