YEREVAN (Karen Ghazaryan, Armradio.am) — Mario Mazzola, Chief Development Officer at Cisco Systems Corporation, will become the 5th recipient of the Armenian President’s annual IT Award. He will receive the prize on November 11 in Yerevan, the Head of Staff of Presidential Administration, Chairman of the Award Commission Vigen Sargsyan told reporters today.

Every year the prize is awarded to renowned persons for global contribution in area ofinformation technologies.

“The recipients of the award are very busy people, who are not in need of money,” Hovik Musayelyan, Director of Synopsys Armenia, said and added that “the purpose of the program is to present out country and our competitive privileges and make the recipients Armenia’s Ambassador in the world.”

“The choice depends on the share of global investments of thecompany in the IT sector at the moment,” he said.

The President’s IT prize has previously been awarded to the former Executive Director General of Intel Corporation, Chairman of the Board Craig R. Barrett, co-founder of the Apple Computer Corporation Steve Wozniak, Chairman Emeritus of Synaptics Company Federico Faggin and former CEO of Hitachi Company Tsugio Makimoto.

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