Cisco dropped anchor investment| 15.07.2008
On Tuesday, July 15, Cisco announced its next investment initiative in Russia.
We will remind, the American network equipment manufacturer has its own financial structure Cisco Systems Capital, dealing, in particular, the investment of funds in various
projects. In Russia its direct investment activities of this structure began last year, when he joined the group of investors of the Internet-shop Ozon.
A new initiative Cisco — participation in the venture capital Fund Almaz Capital Russia Fund I (its informal name — “Almaz Capital/Cisco Fund 1”). The Fund was established by the American firm together with
company Almaz Capital Partners. Both firms contributed to the share capital of its joint venture 60 million $. On the distribution of shares of participants not reported. Cisco notes only,
that has become an anchor investor in this Fund.
The Foundation will reply Yoav Samet (Samet Yoav). Mr. Samet directs the work of the corporate development Department of Cisco in Israel, the CIS, Central and Eastern Europe.
According to the Vice-President of Cisco’s global corporate development of the romance Hilton (Hilton Romanski), today Russia has a huge potential “technological innovation”.
The new Fund should be one of the tools for development and practical application of this potential.
By the way, if to speak about investments, Cisco’s investment in the form of buying other firms is possible, according to the us developer, in that case, if the purchase of the vending
him firms will enter the market with a volume of $1 billion.
