What does KISTA stand for? 

Kista

Kista (Swedish pronunciation: [ˈɕǐːsta]) is a district in the borough of Rinkeby-Kista, Stockholm, Sweden. It has a strategic position located in between Sweden's main airport, the Stockholm-Arlanda International Airport and central Stockholm, and alongside the main national highway E4 economic artery. Kista comprises residential and commercial areas, the latter in the highly technological telecommunication and information technology industry. There are large research efforts in this entire area, which therefore is dubbed Kista Science City. It is the research park of KTH Royal Institute of Technology. Kista is the largest Information and Communications Technology (ICT) cluster in Europe, and was ranked the world's second largest cluster after Silicon Valley in California during the internet boom of 2000. It is the largest corporate area in Sweden, important to the national economy due to the presence of, among others, Ericsson Group, one of the largest corporations in Sweden. Kista Science City is the location where a large portion of the research and development of the world's 4G LTE mobile telephony infrastructure is being developed, a European ETSI standard used worldwide and Kista Science City has been the largest such cluster in Europe for decades. A majority is done at Ericsson corporation, with 100,000 employees worldwide, but with its research and worldwide headquarters in the Kista Science City. Kista was named after an old farm "Kista Gård", still located in the area. The construction of the modern parts were started in the 1970s. Most of the streets in Kista are named after towns and places in Denmark, Iceland, Greenland, and Faroe Islands. Before the opening of the Mall of Scandinavia, Kista Galleria was the biggest shopping center in the Stockholm region. Because of its ICT industries, it became in the 1980s referred to as "Chipsta" and, after Sweden joined the EU in 1995, also as Europe's "Silicon Valley".

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