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Cisco Launches $60M Tech Investment Fund

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Jul 2, 2008 

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Kathleen  |

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Cisco Launches $60M Tech Investment Fund

ADOTAS – As economic uncertainty reigns stateside, tech companies are jumping into booming economies abroad in a bid to strengthen their bottom lines. Cisco Systems Inc., is betting on Russian and other former Soviet states.

Cisco and a Russian VC firm, Almaz Capital Partners, is launching a $60 million technology investment fund that will target area small to medium-sized technology, media and telecommunications firms.

Russia’s economic growth rate weighs in at an impressive 10% per annum.

Tags: Almaz-Capital-Partners, cisco-systems, finance, internet-advertising-news and venture-capital

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