Cisco Plans VC in Russia

Cisco Systems is preparing to invest in Russia and Eastern Europe this year as a limited partner and, potentially, as a direct investor, PE Week has learned.

The San Jose, Calif.-based networking giant, which has ramped up international venture activity for the past year-and-a-half, is evaluating funds with Eastern European expertise to potentially invest as limited partners, says Hilton Romanski, Cisco’s corporate business development director who specializes in global ventures and acquisitions. He says that the company plans to finalize LP investment decisions later this year.

Cisco envisions investing about $130 million in Eastern Europe and emerging economies of Central Europe over an unspecified time frame, he tells PE Week.

PE Week subscribers can read more of Joanna Glasner’s story here.