SAN JOSE -- When the 2012 Summer Olympics kick off in London, Silicon Valley will be a big part of the events. Networking technology giant Cisco Systems will be one of the sponsors of the Olympic Games, picking up after former technology sponsor Nortel Networks of Canada went bankrupt.
The announcement was made Friday by London Olympics officials.
Cisco has been looking to provide network technology to sports stadiums across the country and stands to get a lot of exposure through a worldwide audience.
Nortel, which is in the process of selling off its various business units, had been a "tier one" sponsor, contributing 65 million dollars for the sponsorship, but Cisco will be a "tier two" sponsor and will provide about 45 million for its share.
The announcement was made Friday by London Olympics officials.
Cisco has been looking to provide network technology to sports stadiums across the country and stands to get a lot of exposure through a worldwide audience.
Nortel, which is in the process of selling off its various business units, had been a "tier one" sponsor, contributing 65 million dollars for the sponsorship, but Cisco will be a "tier two" sponsor and will provide about 45 million for its share.
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